CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

0.125% Nov-56 index-linked gilt

GILT AUCTION PREVIEW
  • This morning, the DMO will return to the market to sell GBP350mln nominal of the 35-year 0.125% Nov-56 index-linked gilt.
  • This will be the first auction of the linker in this fiscal year.
  • The last auction was on 24 March 2021 which saw a similar GBP350mln auction size, a bid-to-cover of 2.17x and a real yield of -1.972%.
  • Real yields are more than 30bp lower than this at the time of writing.
  • Linkers have seen strong demand so far through the FY21/22 with bid-to-covers at each auction exceeding that 2.17x level.
  • We would expect another strong auction today.
  • Timing: Results will be available shortly after the auction closes at 10:00BST with a further GBP87.5mln nominal 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.