MNI EUROPEAN MARKETS ANALYSIS: JGB Yields Up Post Poor Auction

May-20 05:34By: Jonathan Cavenagh
Europe

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* The RBA cut rates as expected by 25bps, but also trimmed its inflation and growth forecasts on global uncertainty. This weighed on AUD and local yields. USD/JPY was softer finding sellers above 145.00. * JGB back end yields surged post a poor J...