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DMO consultation agenda: Shorts

GILTS
  • There are 8 remaining short auctions (2 already announced, 6 in FQ4) with GBP35.1bln still due to be raised (GBP86.6bln target).
  • New 3-year gilt: The DMO has noted it intends to launch and reopen at least once a new 3-year gilt (as we expected). The DMO has given no indication on potential maturity dates (for our views on this see above).
  • 4.50% Jun-28 gilt: The DMO looks for at least two reopenings (MNI expects 3) of the short 5-year gilt that was launched in June. (In addition to the auction on 12 December).

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