Free Trial

0.125% Mar-51 linker

GILT AUCTION PREVIEW
  • The DMO will return to the market this morning with GBP900mln nominal of the 0.125% Mar-51 linker on offer.
  • Demand for the 30-year linker has remained strong – with every auction of the linker achieving a bid-to-cover in excess of 2.00x – while at the last reopening in September a 2.54x bid-to-cover was achieved on a similarly sized GBP900mln nominal auction size.
  • We expect to see continued strong demand at today’s auction.
  • Timing: Results will be available shortly after the auction closes at 10:00GMT with a further GBP225mln 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.