Trial now
BOE

Question on sequencing

SCHATZ

Block trade

SHORT-STERLING OPTIONS

Downside play

US TSYS

Repo Reference Rates

SHORT-STERLING OPTIONS

Put spread buyer

DMO Consultation Highlights

GILTS

The DMO has released the Minutes of its consultation:

  • 15-year syndication: GEMMs generally supported the 15-year syndication but
    investors had more mixed views.
  • Other syndicaitons: A number of GEMMs preferred only one syndication in
    September with most of those preferring a delay preferring a November date.
    There was some support for either the 0.50% Oct-61 or a linker.
    Investors supported a reopening of the 0.50% Oct-61 in September or October
    but only a few mentioned a linker syndication "potentially later in the
    quarter".
  • There were little surprises in the candidates for auctions in the period.
    More to follow later.
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