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GILT AUCTION RESULTS: Decent 30-year auction - gilts move to intraday highs

GILT AUCTION RESULTS
  • A decent 30-year auction with a tight 0.3bp tail and the lowest accepted price of 94.232 coming in above the prevailing market mid-price.
  • The 4.375% Jul-54 gilt moves to its highest levels of the day following the auction. Gilt futures also hitting their intraday highs.
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  • A decent 30-year auction with a tight 0.3bp tail and the lowest accepted price of 94.232 coming in above the prevailing market mid-price.
  • The 4.375% Jul-54 gilt moves to its highest levels of the day following the auction. Gilt futures also hitting their intraday highs.