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0.125% Mar-51 linker

GILT AUCTION RESULTS

Auction result not bad - decent bid-to-cover and a little above the pre-auction mid-price (although as we previously noted we had seen the linker cheapen into the bidding deadline).

0.125% Mar-51 linkerPrevious
AmountGBP900mlnGBP700mln
Avg yield1.551%-0.583%
Bid-to-cover2.75x2.28x
Avg price67.300122.100
Pre-auction mid67.163122.047
Previous date27-Jul-22

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