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1/3/6-month UKTBs

UK T-BILL AUCTION RESULTS

Decent jump in yield for the 3-month UKTB after the auction size was doubled. Note that next week the auction size of the 6-month will also be increased to GBP1.5bln from GBP1.0bln.

Tenor1-month3-month6-month
MaturityMay 9, 2022Jul 11, 2022Oct 10, 2022
AmountGBP0.5blnGBP1blnGBP1bln
PreviousGBP500mlnGBP500mlnGBP1.0bln
Avg yield0.2382%0.5756%0.8805%
Previous0.2439%0.4947%0.8180%
Bid-to-cover2.51x2.27x2.35x
Previous3.59x3.36x3.39x
Next weekGBP0.5blnGBP1.0blnGBP1.5bln

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