MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

Unemployment Falls To 11.3% In Q2, Driven By Services

1 and 3-Year Consumer Inflation Expectations Remain Unchanged

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

0.50% Jan-29 gilt

GILT AUCTION PREVIEW
  • The DMO will return to the market this morning with GBP3.5bln of the 0.50% Jan-29 gilt on offer.
  • This will be the ninth auction of the gilt which was launched in September 2021 and has been on offer quarterly since the beginning of 2022.
  • The last couple of auctions of this gilt have been a little on the soft side with the auction on 21 February seeing GBP3.5bln sold with a bid-to-cover of 2.20x but a wide tail of 2.2bp. On 26 October GBP3.5bln was also sold with a bid-to-cover of 1.96x and tail of 0.8bp. The bid-to-cover of 1.96x seen at this auction was one of only 3 auctions in the 2022/23 fiscal year that saw the bid-to-cover below 2x.
  • We also note, however, that yesterday's gilt auction was strong, albeit that was for a much longer duration gilt and short-dated gilt auctions have in general been softer than long-dated recently.
  • Timing: Results will be available shortly after the auction closes at 10:00BST with a further GBP875mln 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.