May 21, 2024 09:09 GMT
Continued solid 20-year demand
GILT AUCTION RESULTS
- Continued solid demand for the 20-year gilt with a 3.67x cover (highest for this gilt this year) and relatively tight tail of 0.4bp (although that is the wider end of the range seen this year for this gilt).
- The LAP of 102.117 was higher than the secondary market price for the last half an hour of the auction window. The gilt is now trading in excess of the auction price around 102.15 at writing.
73 words