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Breakevens Slide After 10Y TIPS Auction Tails

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UK T-BILL AUCTION RESULTS
  • GBP500mln Nov 23 T-bill, avg yield -0.0077% (-0.0053%), cover 4.99x (5.40x)
  • GBP500mln Jan 25 T-bill, avg yield -0.0454% (-0.0388%), cover 3.39x (9.12x)
  • GBP750mln Apr 26 T-bill, avg yield -0.0416% (-0.0310%), cover 2.12x (6.95x)

Next week's bill auctions (unch size):

  • GBP0.50bln 1-month
  • GBP0.50bln 3-month
  • GBP0.75bln 6-month
MNI London Bureau | +44 203-865-3820 | tim.davis@marketnews.com
MNI London Bureau | +44 203-865-3820 | tim.davis@marketnews.com
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