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The uptick in the offer to cover ratio.........>

JGBS
JGBS: The uptick in the offer to cover ratio covering today's 10-25- (3.93x from
1.55x) & 25+-Year (4.16x from 3.11x) may be applying some pressure to the long
end of the curve in early afternoon trade, but the moves are very limited.
- Elsewhere, the offer to cover ratios in the 1-3 & 3-5 Year buckets also edged
higher, albeit at the relative margins.
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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