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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.
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Free Access#2: Tuesday will also see......>
GILT AUCTION PREVIEW: #2: Tuesday will also see the third auction of the 0.375%
Oct-30 gilt after its syndicated launch in May. GBP3.0bln will be on offer.
- Despite its recent launch, after this week's auction there will be between
GBP22-23bln of the gilt in issue. With only GBP2.3bln nominal of the gilt owned
by the Bank of England, this will be the largest medium-dated gilt in issue
after this week's auction on a free float basis. The previous auction saw the
bid-to-cover fall from 2.75x to 2.32x and the tail rise from 0.1bp to 0.3bp. It
was last auctioned on the same day as the 0.125% Jan-26 and was therefore one of
the first gilts to be on offer after the BOE slowed its purchases.
RESULTS: Results will be announced shortly after the auction closes at 11:30BST
with a further GBP750mln available to successful bidders via the PAOF.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.