Free Trial

#1: 1.25% Jul-27 gilt

GILT AUCTION PREVIEW

Issuance will kick off for the week this morning with GBP2.75bln of the
1.25% Jul-27 gilt on offer.

  • The gilt migrated to the short bucket from the medium bucket last week
    and this will be the third auction of the gilt this fiscal year. The previous
    two auctions have seen tails of 0.3bp with bid-to-covers of 2.37x and 2.21x
    respectively. Its closest peer in the short bucket is the 1.50% Jul-26 gilt
    which has been on offer twice since (including once last week) and has
    seen slightly tighter tails of 0.2bp and better bid-to-covers of 2.67x and
    2.64x respectively.

RESULTS: Results will be announced shortly after the auction closes at
10:00BST with a further GBP687.5mln 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.