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The 30-Year JGB auction was well received,.....>

JGBS: The 30-Year JGB auction was well received, as many expected, as the
bid-to-cover ratio ticked up to 5.008 (prev. 4.220) and the low price registered
at 99.85 against expectations of 99.75.
- Super-long paper has outperformed on the back of the results, with modest bull
flattening apparent on the curve, while futures operate at best levels, although
the range remains contained.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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