October 01, 2024 09:10 GMT
GILT AUCTION RESULTS: Another strong 20-year gilt auction
GILT AUCTION RESULTS
Another strong 20-year gilt auction (as we had expected in our preview). 0.1bp tail today with every tail since the gilt was launched between 0.1-0.4bp.
- The bid-to-cover was a strong 3.37x too.
- Respectable premium for the LAP vs the pre-auction mid-price too.
- The 4.75% Oct-43 gilt is now trading above the average price of the auction.
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