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Tight After Supply

JGBS

Nothing in the way of immediate reaction seen in cash & futures in the wake of the latest round of JGB supply. The high yield witnessed at the 40-Year JGB auction came in 0.5bp below broader expectations (per the BBG dealer poll), with the cover ratio holding steady as the percentage of the paper allotted at the high yield moderated.

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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