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

#1: 0.125% Jan-24

GILT AUCTION PREVIEW
  • Issuance for the week will kick off on Tuesday with GBP3.50bln of the 3-year 0.125% Jan-24 gilt on offer.
  • This is the largest auction size since the 0.125% Jan-24 gilt was issued (with all other auctions to date having been for GBP3.25bln) and the largest auction of a three year gilt since July.
  • Demand has been fairly consistent for the 0.125% Jan-24 gilt with bid-to-covers ranging from 2.28x-2.58x and tails ranging from 0.2-0.3bp.
  • The last auction saw a 2.58x bid-to-cover and 0.3bp tail. Despite the slightly larger auction size, we would expect strong demand this week.
  • We note that the 0.125% Jan-24 gilt is due to be sold again in April and May (but there is no auction scheduled for June).
  • Timing: Results will be available shortly after the auction closes at 10:00GMT with a further GBP875mln available to successful bidders via the PAOF.
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

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.