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0.125% Nov-56 index-linked gilt

GILT AUCTION PREVIEW
  • Issuance for the week will kick this morning with GBP400mln nominal of the 0.125% Nov-56 index-linked to be auctioned.
  • This will be the longest dated linker auction since the last time the 0.125% Nov-56 linker was last on offer in November 2018.
  • More recent linker auctions have seen decent demand with all bid-to-covers on index-linked auctions for the past year having been at least 2x.
  • RESULTS: Results will be announced shortly after the auction closes at 10:00BST with a further GBP100mln available to successful bidders via the PAOF.

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