Free Trial

#2: 0.625% Oct-50 gilt

GILT AUCTION PREVIEW
  • The 0.625% Oct-50 gilt will also be on offer tomorrow.
  • This will be the third auction of the gilt after its syndicated launch in June and like the 0.125% Jan-23 gilt auction earlier in the day sees a smaller auction size of GBP2.00bln compared to the other auctions of GBP2.25bln.
  • Demand was very strong at launch with GBP9.0bln sold via syndication, but the auctions since have not been particularly strong, seeing bid-to-cover ratios of 1.68x and 1.78x respectively and tails of 1.1bp and 1.2bp.
  • The gilt will be on offer again in each of September, October and November.
  • RESULTS: Results will be announced shortly after the auction closes at 11:30BST with a further GBP500mln 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.