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DMO sells GBP1.50bln nominal of 1.625% Oct-54 Gilt

GILT AUCTION RESULTS
  • Avg yld 0.620% (0.654%), bid-to-cover 1.74x (2.30x), tail 0.7bps (0.4bps),
    price 131.225 (129.820).
  • Pre-auction mid-price 131.177.
  • An additional GBP375mln will be available through the PAOF to successful
    bidders until 14:30BST.
  • NOTE THE LOW BID-TO-COVER

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