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#2: Issuance for the week......>

GILT AUCTION PREVIEW
GILT AUCTION PREVIEW: #2: Issuance for the week will round off on Wednesday with
GBP2.00bln of the 30-year benchmark.
- The 1.75% Jan-49 gilt was last auctioned on 16 April in a successful auction
which saw a tight tail of 0.2bp and a bid-to-cover of 2.40x. So far the 1.75%
Jan-49 has been the long-dated gilt that has seen the second highest volume of
BOE purchases since the medium-dated bucket was redefined and QE was restarted
on March 20.
RESULTS: Auction results will be released shortly after the auction closes at
11:30BST with a further GBP500mln available through the PAOF to successful
bidders.

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