Free Trial
JAPAN DATA

Japan May Exports +15.8% Y/Y; 15th Monthly Rise

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

#2: 0.625% Oct-50 gilt

GILT AUCTION PREVIEW
  • The 0.625% Oct-50 gilt will also be on offer today.
  • 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.
MNI London Bureau | +44 203-865-3820 | tim.davis@marketnews.com
MNI London Bureau | +44 203-865-3820 | tim.davis@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.