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DMO Consultation Feedback (2/2)

GILTS

Linker syndication

  • GEMMs suggested reopening 2039 or 2073 or new linkers in the 20/30-year areas.
  • Investors discussed 2073 or a shorter, more index-neutral maturity e.g. 2039 or 2051.
  • Both GEMMs and investors noted that it was too early to be too specific on the maturity yet.
Linker auctions (3 scheduled)
  • 0.125% Aug-31, 0.125% Mar-39 and 0.125% Mar-51: One reopening of each favoured by both GEMMs and investors.
Calendar
  • The DMO will release the final calendar at 7:30BST on 31 August.

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