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DMO sold GBP4.0bln in 1-/3-/6-month T-bills

UK T-BILL AUCTION RESULTS
  • GBP1.0bln Feb 8 T-bill, avg yield -0.02546% ( -0.2341%), cover 2.34x (4.06x) (last auction size was GBP500mln)
  • GBP1.0bln Apr 12 T-bill, avg yield -0.0694% (-0.0605%), cover 5.28x (3.93x)
  • GBP2.0bln Jul 12 T-bill, avg yield -0.0259% (-0.0210%), cover 3.95x (3.67x) (last auction size was GBP1.0bln)

Next week's bill auction amounts:

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

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