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The latest 2-Year auction is a little weaker...>

JGBS
JGBS: The latest 2-Year auction is a little weaker across all the major measures
(bid/cover, tail width and % allotted at high yield) when compared to the
previous auction, but the low price still topped dealer expectations (BBG poll:
100.455).
- The auction was by no means weak, with the cover ratio edging back towards the
recent norms after the jump seen at the last 2 auctions.
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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