MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1043 Mon; -4.74% Y/Y

MNI BRIEF: China’s April Loan Prime Rate Unchanged

CHINA SETS YUAN CENTRAL PARITY AT 7.1043 MON VS 7.1046

MNI China Daily Summary: Friday, April 19

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

0.125% Mar-39 linker

GILT AUCTION PREVIEW
  • The DMO will come to the market this morning to sell GBP750mln nominal of the 0.125% Mar-39 linker.
  • This is the first linker auction of the fiscal year (only the third since November) and will follow ten weeks after the last linker auction which saw GBP1.2bln nominal of the 0.125% Aug-31 linker sold.
  • The auction of the 0.125% Mar-39 linker follows around a year since its syndicated launch where GBP4.0bln nominal was sold (GBP6.1bln cash) with books of GBP28.75bln.
  • There has only been one auction of the 0.125% Mar-39 in August where GBP700mln nominal was sold with a bid-to-cover of 2.27x.
  • Given the lack of recent similar-maturity linker auctions we expect continued strong demand at today's auction.
  • Timing: Results will be available shortly after the auction closes at 10:00BST with a further GBP187.5mln available to successful bidders through the PAOF.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.