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In terms of that gilt auction (see 11:34BST...>

GILTS
GILTS: In terms of that gilt auction (see 11:34BST bullet) - 0.4bp isn't a
terrible tail but is the equal worst of the fiscal year so far for long-dated
gilts (together with last week's 1.25% Oct-41 auction).
- We are nowhere near the 1.8bp tail we saw for the 1.75% Jan-49 auction on 17
March though.

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