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GILTS: Additional stock of 4.375% Mar-28 gilt to be created

GILTS
  • The DMO has noted that it has created additional stock totalling GBP118mln of the 4.375% Mar-28 gilt for use in the Standing Repo facility. The DMO notes "It is intended that any additional stock created under this operation will be cancelled upon return, but, where relevant, the DMO will make an announcement at that time."
  • This is a standard operation and is intended to avoid any liquidity squeezes across any individual gilts on the curve.
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  • The DMO has noted that it has created additional stock totalling GBP118mln of the 4.375% Mar-28 gilt for use in the Standing Repo facility. The DMO notes "It is intended that any additional stock created under this operation will be cancelled upon return, but, where relevant, the DMO will make an announcement at that time."
  • This is a standard operation and is intended to avoid any liquidity squeezes across any individual gilts on the curve.