MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

1.00% Jan-32 gilt

GILT AUCTION PREVIEW
  • The DMO will come to the market this morning to sell GBP2.5bln of the 10-year 1.00% Jan-32 gilt.
  • This will be the third auction of the gilt after it was launched in December, and a slightly larger auction size of GBP2.50bln vs GBP2.25bln seen in the first two auctions of the gilt.
  • The auctions saw bid-to-covers of 2.23x and 2.51x respectively with tails of 1.9bp and 0.7bp respectively.
  • At the time of writing, 10-year yields had risen to 1.90% for the first time since January 2016.
  • The tail at today's may well be realtively wide given the big increase in yields seen over the past couple of days in particular.
  • Note that the 1.00% Jan-32 gilt will be on offer again on 8 June, while the long 10-year 0.875% Jul-33 Green gilt will be on offer on 10 May.
  • Timing: Results will be available shortly after the auction closes at 10:00BST with a further GBP625mln available to successful bidders through the PAOF.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.