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The latest 2-Year JGB auction generated........>

JGBS
JGBS: The latest 2-Year JGB auction generated lacklustre results with the
average price (100.437) coming in below the estimate of the low price among
dealers (100.44), with the bid to cover a shade softer when compared to the most
recent auction, although it remained well above 4.000, albeit well shy of the 6
auction average of 5.113.
- There has been little reaction observed in the 2-Year cash space that could be
deemed auction-based, with yields now broadly treading higher as the benchmark
10-Year JGB yield breaches Monday's high.
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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