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DMO Eyeing 2/3-Yr Gilt Tender Thursday Aug 25

GILTS

DMO announces a possible 2 or 3 year Gilt tender on Thursday. UK2s5s flattens a few bp to session lows on the announcement as 2s underperform. From the announcement soliciting market participant feedback:

  • "The DMO is interested in receiving views from gilt market participants on the scheduling and conduct of a gilt tender this week for a two- to three-year maturity conventional gilt. The DMO has identified the morning of Thursday 25 August 2022 as a possible date for such an operation, and is seeking wider feedback from all primary dealer firms and any other interested parties as to the demand for such an operation, the specific choice of maturity, (cash) size and timing."
  • DMO says a further announcement is forthcoming at 0730BST tomorrow (Tue Aug 23).

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