Free Trial

0.375% Oct-30

GILT AUCTION PREVIEW
  • Issuance will conclude for the week today with GBP2.50bln of the 0.375% Oct-30 gilt on offer.
  • This will be the sixth auction of the gilt after its syndicated launch in May and there are two more scheduled auctions in October before the new Jul-31 gilt is due to be launched via auction in November.
  • Demand for the gilt has remained high with all five auctions so far seeing bid-to-cover ratios of 2.32-2.75x and tails of 0.1-0.3bp.
  • This is also a slightly smaller auction than we have seen previously, with prior auctions GBP2.75-3.00bln in size compared to the GBP2.50bln auction today.
  • RESULTS: Results will be announced shortly after the auction closes at 10:00BST with a further GBP625mln available to successful bidders via 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.