September 23, 2022 09:10 GMT
- Those issuance plans probably close to the middle of expectations - but much more skewed to shorts and away from longs/linkers than had been expected.
- Gilts 10s30s flattened 2.5bp on the announcement. Expect flattening to continue further.
- 7 additional short auctions
- 5 additional medium auctions
- 1 additional long auction
- No additional linker auctions.
- Additional syndication in W/C 31 Oct for a Jan-38 gilt. Increase to syndication bucket of GBP5.0bln.