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DMO sold GBP2.25bln in 1-/3-/6-month T-bills

UK T-BILL AUCTION RESULTS
  • GBP500mln Oct 19 T-bill, avg yield -0.0006Y% (0.001%), cover 5.13x (5.83x)
  • GBP750mln Dec 21 T-bill, avg yield -0.0036Y% (0.004%), cover 6.03x (5.82x)
  • GBP1.0bln Mar 22 T-bill, avg yield -0.0089Y% (-0.0005%), cover 4.73x (5.16x)

Next week's bill auctions (smaller 3-month operation than this week but not a surprise due to the maturity between Christmas and New Year):

  • GBP0.50bln 1-month
  • GBP0.50bln 3-month
  • GBP1.00bln 6-month

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