Free Trial

4.00% Oct-63 gilt

GILT AUCTION PREVIEW
  • The DMO will come to the market this morning to sell GBP1.75bln of the 40-year 4.00% Oct-63 gilt.
  • This will be the first time the gilt has been reopened via auction (and the first time the DMO has sold a longer-than-30 year gilt at conventional auction since March 2023).
  • The gilt was launched via syndication in May 2023 for GBP5.5bln (with books of GBP54bln) and then reopened via syndication in September 2023 for GBP5.0bln (with books of GBP59.3bln).
  • We expect to see a strong auction.
  • Timing: Results will be available shortly after the auction closes at 10:00GMT with a further GBP437.5mln available at the Post Auction Option Facility later (which closes at 13:00GMT).

To read the full story

Close

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.