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Supportive Factors Combine To Generate Demand At 20-Year Auction

JGBS

A combination of short covering, ASW interest and eyes on steepening plays vs. longer dated lines may have combined to draw interest at today's 20-Year auction, with the low price topping dealer expectations (99.80 per the BBG dealer poll), cover ratio nudging higher and price tail narrowing at the margin.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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