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Gilt sales operation sizes

BOE
  • BOE bucket sizes: GBP750mln/operation across shorts and mediums (no longs). MNI had expected a GBP580-750mln range - so this is the top of our expectations.
  • Short and medium-dated ops alternate weekly (i.e. One week short, the next week medium)
  • There are 8 ops in the remainder of 2022 (4 short and 4 medium). These will be over a six week period.
  • First op 1 November (we already knew that) last this year on 8 December.
  • The schedule for Q1-23 ops will be released on 16 December.

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