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Free Access3.75% Jan-38 gilt
- The DMO will return to the market on Wednesday, looking to sell GBP2.75bln nominal of the 15-year 3.75% Jan-38 gilt.
- This will be the second auction of the gilt following its syndicated launch in November.
- The March auction saw a bid-to-cover of 2.41x and tail of 0.4bp from a nominal GBP2.5bln auction.
- We would expect to see a decent auction today.
- The 3.75% Jan-38 gilt will be on offer again on 25 July.
- Timing: Results will be available shortly after the auction closes at 10:00BST with a further GBP687.5mln available to successful bidders via the PAOF.
To read the full story
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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.