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GBP1.147bln of short-dated gilts with offer-to-cover of 3.47x

BOE APF PURCHASES

Previous offer-to-cover ratios previous first (2.79x, 2.56x, 3.35x, 2.86x).
Note some previous are from the old GBP1.48bln operation size.

  • With the exception of the 1.25% Jul-27 gilt, offers for all of the remaining gilts were up on last week, in particular offers of the 0.125% Jan-26 gilt which saw offers last week of GBP99.1mln with no BOE purchases but offers of GBP1095.1mln this week (with GBP702.9mln of purchases).
GiltBOE purchases
0.625% Jun-25GBP203.1mln
0.125% Jan-26GBP702.9mln
1.25% Jul-27GBP59.9mln
0.125% Jan-28GBP181.2mln

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