Free Trial

4.125% Jan-27

GILT AUCTION PREVIEW
  • The DMO will conclude a busy week of issuance this morning with GBP3.5bln nominal of the 4.125% Jan-27 gilt on offer.
  • This will be the first reopening of the gilt after it was launched at auction on 12 October in an identically-sized auction which saw a bid-to-cover of 2.08x and tail of 0.8bp.
  • Given the strong demand for short-dated gilts and the collateral shortage in the UK at present, we expect a strong auction this week, with a tighter tail.
  • Timing: Results will be available shortly after the auction closes at 10:00GMT with a further GBP875mln available to successful bidders through the PAOF.

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.