November 12, 2024 08:20 GMT
GILT AUCTION PREVIEW: DMO Consultation Medium-Term Syndication Findings
GILT AUCTION PREVIEW
The DMO has released the minutes of yesterday’s consultations with gilt market participants. The findings surrounding syndication preferences are outlined below, we will provide further colour in upcoming posts:
Medium-Term
- GEMMS showed “unanimous support for the launch of a new 10-year gilt to mature in 2035, with respondents suggesting January, March, April or June for the month in which the new gilt should mature.”
- Similarly, “those investors who expressed a preference were supportive of the launch of a new conventional gilt maturing in 2035, with January, March, April or June proposed as potential months in which the gilt could mature."
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