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0.625% Jun-25 gilt

GILT AUCTION PREVIEW
  • Issuance will kick off for the week this morning with GBP3.25bln of the 0.625% Jun-25 gilt on offer.
  • This will be the second time this gilt has been on offer since the 0.125% Jan-26 gilt launched. Demand has remained healthy around the 5-year sector of the curve with bid-to-covers of at least 2.2x at every auction so far this fiscal year and tails of 0.2-0.4bp.
  • The gilt is not scheduled to be sold again before the end of November.
  • RESULTS: Results will be announced shortly after the auction closes at 10:00BST with a further GBP812.5mln available to successful bidders via the PAOF.

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