Free Trial

#1: 0.125% Jul-26 gilt

GILT AUCTION PREVIEW
  • Issuance will kick off for the week this morning with GBP3.25bln of the 0.125% Jul-26 gilt on offer.
  • This will be the fourth auction of the gilt which was launched in June and all auctions so far have been for GBP3.25bln. The launch auction saw a tighter tail of 0.2bp and better bid-to-cover of 2.72x compared to auctions since. The other auctions have seen a tail of 0.4bp with bid-to-covers of 2.28x and 2.32x respectively.
  • The gilt continues to be built up as the five-year benchmark and after today's auction will be auctioned four more times 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.

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.