Free Trial

#2: 0.125% Aug-28 linker

GILT AUCTION PREVIEW
  • The 0.125% Aug-28 linker will round off issuance for the week today with GBP1.2bln nominal on offer.
  • This will be the fourth auction of the gilt this fiscal year, and is a slightly larger size than the GBP1.1bln on offer in August but in line with the amount on offer in April and slightly smaller than the GBP1.25bln on offer in May.
  • Demand at all the auctions has been substantial but bid-to-cover ratios have fallen from 3.38x to 2.77x and then 2.44x. The full 25% PAOF allocation has been taken up at each auction, however.
  • The linker is due to be on offer again on 25 November.
  • RESULTS: Results will be announced shortly after the auction closes at 11:30BST with a further GBP300mln nominal available to successful bidders via the PAOF.

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.