January 23, 2023 14:52 GMT
APF Sales: Detailed results
BOE
- 80% of sales were of the 0.125% Jan-26 gilt - in its last eligible operation for sale by the BOE (at the next operation it will have a residual maturity below 3 years).
- In fact there were only GBP633.7mln bids for the other gilts available for sale today - so there is a chance that we see a decent drop in the bid-to-cover at the next short-dated sales op on 9 February.
Short Gilts | Bids received | BOE sells | WAAP | Prev bids | Prev sales | Nominal sold |
0.125% Jan-26 | GBP697.9m | GBP520.1m | 91.244 | GBP331.1m | GBP104.3m | GBP115.0m |
1.50% Jul-26 | GBP98.8m | GBP62.3m | 94.127 | GBP9.4m | GBP0.0m | GBP0.0m |
0.375% Oct-26 | GBP0.0m | GBP686.9m | GBP545.6m | GBP611.6m | ||
1.25% Jul-27 | GBP210.5m | GBP27.5m | 91.634 | GBP127.8m | GBP0.0m | GBP0.0m |
4.25% Dec-27 | GBP0.0m | GBP0.0m | GBP0.0m | GBP0.0m | ||
0.125% Jan-28 | GBP199.7m | GBP0.0m | GBP402.9m | GBP0.0m | GBP0.0m | |
1.625% Oct-28 | GBP45.9m | GBP0.0m | GBP104.6m | GBP0.0m | GBP0.0m | |
6.00% Dec-28 | GBP57.3m | GBP40.1m | 113.795 | GBP121.4m | GBP0.0m | GBP0.0m |
0.50% Jan-29 | GBP0.0m | GBP0.0m | GBP0.0m | GBP0.0m | ||
0.875% Oct-29 | GBP21.4m | GBP0.0m | GBP11.8m | GBP0.0m | GBP0.0m | |
Total | GBP1,331.5m | GBP650.0m | GBP1,796.2m | GBP650.0m | GBP726.6m |
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