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1.125% Oct-73 Gilt Tender (2/2)

GILT AUCTION PREVIEW
  • The size of the tender is on the smaller end of expectations.
  • We didn't have a strong conviction on what the size would be as the DMO sometimes size tenders in line with conventional auctions and sometimes smaller
  • The DMO has erred on the side of caution and gone for the smaller size given the high duration of this gilt.

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