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DMO consultation feedback on 4 short auctions

GILTS
  • 3.50% Oct-25 gilt: Investors and GEMMs both look for "at least one" reopening of the 3.50% Oct-25 gilt with a "majority" of GEMMs supporting a second auction. MNI expects 1-2 reopenings in the quarter of this gilt.
  • 4.50% Jun-28 gilt: GEMMs unanimously supported two reopenings of the short 5-year gilt that was launched in June while some supported three reopenings. Investors unanimously supported "at least one" reopening with "a number" supporting two reopenings. MNI expects 2 reopenings.
  • Other issues: There were isolated calls from both investors and GEMMs for reopenings of the 1.50% Jul-26 gilt and the 0.50% Jan-29 gilt. There was also an isolated call from an investor for a reopening of the 4.125% Jan-27 gilt.

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