January 17, 2025 12:28 GMT
GILTS: 4.375% Mar-28 gilts created yesterday for repo cancelled
GILTS
- The DMO has now cancelled the additional stock totalling GBP118mln of the 4.375% Mar-28 gilt for use in the Standing Repo facility that it created yesterday. The DMO notes that the stock has now been returned.
- This is a standard operation and is intended to avoid any liquidity squeezes across any individual gilts on the curve.
55 words