Free Trial

0.75% Nov-33 Linker

GILT AUCTION PREVIEW
  • The DMO will come to the market this morning to sell GBP1.5bln nominal of the 10-year 0.75% Nov-33 index-linked gilt.
  • Since launched in June, this linker has seen decent demand at each auction achieving a bid-to-cover of 2.33x at its first two auctions and then 2.94x in October, with the same GBP1.5bln nominal size at each auction.
  • We would expect to see continued decent demand today – indeed, we have not seen a bid-to-cover below 2.33x since September 2022.
  • The 0.75% Nov-33 linker will be reopened on 16 January and 13 February.
  • Timing: Results will be available shortly after the auction closes at 10:00GMT with a further GBP375mln nominal 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.