Free Trial

#1: Today's first gilt.........>

GILT AUCTION PREVIEW
GILT AUCTION PREVIEW: #1: Today's first gilt auction sees the 0.625% Jun-25 gilt
on offer for GBP3.25bln.
- The current 5-year benchmark will see its final auction before the launch of
the new Jan-26 gilt which is due to be launched at the beginning of June
(although we will see the 0.625% Jan-25 on offer again in July). The GBP3.25bln
on offer will be in line with the prior two auction. The last auction was three
weeks ago and was successful with a tight tail of 0.3bp, a bid-to-cover of
2.83x. After today's auction, the 0.625% Jan-25 gilt will be the gilt most held
by market participants (i.e. excluding BOE and govt holdings).
RESULTS: Auction results will be released shortly after the auction closes at
10:00BST with a further GBP812.5mln available through the PAOF to successful
bidders.

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.