G-bond issuance tripled over a one-month period with the success ratio at its highest level since March. Of note, 5Y tenors constituted 88% of total uptake (up 250% MoM) and the market seems satisfied with yields tracking circa 6.6%. G-backed bonds also enjoyed the best monthly performance so far this year as issuance over the one-month period exceeded one-fourth of the YTD figure.