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DMO likely to release quarterly consultation agenda today

GILTS
  • This afternoon will likely see the DMO release the agenda for next week’s quarterly consultation meetings to discuss issuance in FQ2 (the July to September period). We expect a release at 15:30BST.
  • We will continue to see build up of the recently launched 3/5/7-year gilts, the new 10-year gilt that is due to be launched via syndication in June and the 30-year gilt that was tapped via syndication in June. In addition the 20/40-year gilts have yet to reach benchmark size.
  • However, there is the possibility that we see a new 2035 linker issued or a new 15-year conventional gilt. The MNI Markets team currently pencil in a linker syndication in the W/C 8 July and a conventional long syndication in the W/C 2 September.
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  • This afternoon will likely see the DMO release the agenda for next week’s quarterly consultation meetings to discuss issuance in FQ2 (the July to September period). We expect a release at 15:30BST.
  • We will continue to see build up of the recently launched 3/5/7-year gilts, the new 10-year gilt that is due to be launched via syndication in June and the 30-year gilt that was tapped via syndication in June. In addition the 20/40-year gilts have yet to reach benchmark size.
  • However, there is the possibility that we see a new 2035 linker issued or a new 15-year conventional gilt. The MNI Markets team currently pencil in a linker syndication in the W/C 8 July and a conventional long syndication in the W/C 2 September.