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GILT AUCTION RESULTS: Strong 20-year Gilt Auction

GILT AUCTION RESULTS

Gilt futures moved up to 100.09 following the 4.75% Oct-43 Gilt auction result.

  • The auction saw an improved bid-to-cover ratio relative to the previous outing (3.37x vs 3.29x prior), a reasonably tight tail (0.2bp vs 0.1bp prior) and a lowest accepted price (104.847) in excess of the pre-auction mid at 104.745.
  • The price of the 4.75% Oct-43 Gilt now trades at intraday highs of 104.9500.

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