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Gilt calendar for Jan-Mar due at 7:30GMT (2/2)

GILTS
  • Long auction (1 auction): Most investors / GEMMs favoured a reopening of the 30-year 1.25% Jul-51 gilt. Some investors recommended the 0.625% Oct-50 citing scarcity while "isolated" GEMMs called for the 1.125% Jan-39 and 0.50% Oct-61 gilts.
  • Long syndication: Proposed for first half of February with strong support for a new 50-year gilt. GEMMs most often mentioned 2073 or 2074 maturities while investors generally preferred a 2073 maturity noting that the additional duration with a low coupon was considerable.
  • Linkers (2 auctions): Proposed 26 January, 15 March: Support generally for reopenings of the 2039 and 2051 linkers.

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