May 22, 2024 09:06 GMT
Decent 5-year gilt auction
GILT AUCTION RESULTS
- Decent 5-year gilt auction with almost the same bid-to-cover as last month's launch of the 4.125% Jul-29 gilt and a tighter tail. The lowest accepted price of 99.637 exceeded the pre-auction mid-price of 99.625. The average price of 99.664 has not been seen since around 8:20BST this morning.
- No real price impact following the auction.
54 words