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DMO sold GBP3.5bln in.....>

UK T-BILL AUCTION RESULTS
UK T-BILL AUCTION RESULTS: DMO sold GBP3.5bln in 1-/3-/6-month T-bills vs
GBP3.5bln target:
- GBP0.5bln Aug 3 T-bill, avg yield 0.002% (0.002%), cover 3.67x (4.91x)
- GBP1.0bln Oct 5 T-bill, avg yield 0.004% (0.007%), cover 3.13x (6.62x) (Last
week GBP0.5bln)
- GBP2.0bln Jan 4 T-bill, avg yield 0.023% (0.026%), cover 3.20x (3.58x) (Last
week GBP0.5bln)
*Next week on offer:
1-month GBP0.5bln
3-month GBP2.5bln
6-month GBP3.0bln
Note that is a decent jump in issuance next week, back up to GBP6bln after a
couple of weeks of low bill issuance.

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