CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

DMO Consultation: Longs

GILTS
  • Syndication: Investors were split between 2046 or 2051 but there was more support for a 2046 maturity. GEMMs also were split between 2046 or 2051 but noted "the absence of any current coupon bonds in the 25-year maturity area of the curve."
  • GEMMs advocated openings of the 1.25% Oct-41, the 0.625% Oct-50, 1.625% Oct-54, 0.50% Oct-61 and 1.625% Oct-71. They also noted that a syndication of a new gilt in 2051 "need not preclude further auctions" of the 0.625% Oct-50 gilt. GEMMs also noted that "there was sufficient demand and richness in the ultra-long sector to justify two or more auctions of the longest gilts." Investors also mentioned the 1.25% Oct-41, 0.625% Oct-50 and 1.625% Oct-54 gilts and noted that "with a lower duration... syndication... this should be balanced by some supply of higher duration gilts via auction."
  • Of the 10 auctions in Jan-Mar we now look for three auctions of the 1.25% Oct-41 gilt, two auctions of the 0.50% Oct-61 gilt and one auction each of the 1.625% Oct-54 and the 1.625% Oct-71 gilts. We also expect a total of three auctions split between the 0.50% Oct-50 and reopenings of the new 25-30 year gilt.
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

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.