MNI: More Data Needed Before Hike - BOJ Minutes

MNI BRIEF: Aussie Q4 Trimmed CPI At 0.5% Q/Q

MNI BRIEF: RBNZ's Conway Sees Neutral At 2.5-3.5%

MNI INTERVIEW2: New NBH Chief Must Clarify Reaction Function

MNI BRIEF: U.S. Senate Confirms Bessent as Treasury Secretary

MNI NBH WATCH: Base Rate To Hold At 6.5% Despite Price Uptick

MNI: AUSTRALIA MONTHLY DEC CPI 0.2% MM, 2.5% YY

MNI:AUSTRALIA Q4 CPI +0.3% Q/Q

EZ/UK T-Bill Calendar: Greece, Italy Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GILT AUCTION PREVIEW: 1.125% Sep-35 linker

GILT AUCTION PREVIEW
CEEMEABulletUKMarketsFixed Income Bullets
  • The DMO will kick off issuance for the week this morning by launching the new 10-year 1.125% Sep-35 linker for GBP1.5bln.
  • This will replace the 0.75% Nov-33 linker as the on-the-run 10-year issue.
  • Auctions for that linker were strong with the lowest bid-to-cover in the five auctions so far this fiscal year at 2.89x (with a mean of 3.16x and 3.39x seen in the last auction in December).
  • All of these auctions have been for GBP1.5bln nominal. We expect another strong linker auction. The 1.125% Sep-35 linker is due to be reopened on 25 February.
  • Timing: Results will be available shortly after the bidding window closes at 10:00GMT with a further GBP375mln available to successful bidders via the PAOF.
115 words

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.
  • The DMO will kick off issuance for the week this morning by launching the new 10-year 1.125% Sep-35 linker for GBP1.5bln.
  • This will replace the 0.75% Nov-33 linker as the on-the-run 10-year issue.
  • Auctions for that linker were strong with the lowest bid-to-cover in the five auctions so far this fiscal year at 2.89x (with a mean of 3.16x and 3.39x seen in the last auction in December).
  • All of these auctions have been for GBP1.5bln nominal. We expect another strong linker auction. The 1.125% Sep-35 linker is due to be reopened on 25 February.
  • Timing: Results will be available shortly after the bidding window closes at 10:00GMT with a further GBP375mln available to successful bidders via the PAOF.