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- The 1.25% Oct-41 gilt will also be on offer tomorrow, for GBP2.25bln.
- This keeps up the DMO's pattern of one auction per month of the gilt through the first eight months of the fiscal year.
- Demand has remained decent as the DMO builds the 20-year benchmark with bid-to-covers ranging from 2.11-2.56x and tails from 0.2-0.4bp.