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DMO sold GBP3.5bln in 1-/3-/6-month T-bills

UK T-BILL AUCTION RESULTS
  • GBP0.5bln Mar 8 T-bill, avg yield 0.0016% ( -0.0024%), cover 4.13x (5.08x)
  • GBP1bln May 10 T-bill, avg yield 0.0075% (-0.0032%), cover 3.49x (2.01x)
  • GBP2bln Aug 2 T-bill, avg yield 0.0151% (0.0065%), cover 2.78x (2.55x) (GBP3bln last week)

Next week's bill auction amounts:

  • GBP0.5bln 1-month
  • GBP0.5bln 3-month (down from GBP1.0bln this week)
  • GBP1.0bln 6-month (down from GBP2.0bln this week)

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