Free Trial

0.125% Jan-24

GILT AUCTION PREVIEW
  • Issuance for the week will kick off this morning with GBP3.25bln of the 0.125% Jan-24 gilt on offer.
  • This will be the fourth auction of the gilt that was launched two months ago and has been reopened every three weeks since.
  • Demand has remained steady with all three auctions having seen bid-to-covers between 2.34-2.44x and tails of 0.2bp.
  • We would similar results at this week's auction.
  • The 0.125% Jan-24 will be reopened once per month between January-March with the next auction scheduled for 21 January.
  • RESULTS: Results will be available shortly after the auction closes at 10:00GMT with a further GBP812.5mln available to successful bidders through the PAOF.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.