Free Trial

DMO consultation agenda: Syndications

GILTS
  • Long: The DMO looks for a new long conventional gilt in the 25-35 year area in January 2024. We noted ahead of the consultation the potential for a new 30-year gilt, possibly with a July 2054 maturity. There are also some gaps around the 2048 and 2058 areas in terms of current coupon gilts.
    • In addition there is now GBP3.9bln left for the final long-dated consultation of the year (total longs syndication GBP20.8bln).
  • Linker: Syndication intended in March 2024. No guidance on maturity from the DMO (see our views on this above).
    • There is now GBP3.0bln left for the final linker consultation of the year (total linker syndication GBP10.6bln).

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.