- G10 Markets
- Fixed Income
- Foreign Exchange
- Emerging Markets
- MNI Research
- Global Macro
- Political Risk
- About Us
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.LATEST FROM POLICY:
- G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.Launch MNI PodcastsFixed Income FI Market AnalysisCentral Bank PreviewsFI PiEurozone/UK Bond Auction CalendarEurozone/UK T-bill Auction CalendarUS Treasury Auction Calendar US$ Credit Supply Pipeline Fixed Income Technical Analysis EGB Issuance, Redemption and Cash Flow Matrix Gilt Week Ahead
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
Real-time insight of oil & gas markets
Reporting on key macro data at the time of release.LATEST FROM DATA:
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.Global Macro Central Bank PreviewsCentral Bank ReviewsBalance Sheet AnalysisInflation InsightGlobal IssuanceEurozoneUKUSOverviewGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction Calendar
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.Free Access
#1: 0.25% Jan-25
- Gilt issuance for the week will kick off this morning with GBP3.0bln on the 3-year 0.25% Jan-25 gilt on offer.
- This will be the third auction of the gilt and the auction size sees another reduction.
- The launch auction in July was sized at GBP3.5bln while the September auction saw GBP3.25bln sold.
- The latter auction saw a stronger bid-to-cover ratio of 2.81x (vs 2.34x at the launch) but a wider tail of 0.2bp (vs 0.1bp at the launch).
- The gilt has seen a decent sell-off as expectations of a more active Bank of England has seen expectations of hikes pulled forward.
- The yield at the time of writing is almost 24bp higher than that achieved at the September auction.
- In spite of this we would expect to see a decent auction today.
- The 0.25% Jan-25 gilt is due to be reopened twice more in 2021, via auction on 2 November and 2 December.
- Timing: Results will be available shortly after the auction closes at 10:00BST.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
MNI is the leading providerof 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.