In the coming week we will hear from Bank of.....>

UK: In the coming week we will hear from Bank of England Chief Economist Haldane

again (although he is unlikely to deliver anything new to the negative rates

debate) and we will hear from external MPC member Michael Saunders for the first

time since negative rates came back to the fore. We will also have the

government's latest lockdown review on May 28, with confirmation over whether

schools and nurseries are due to begin their phased reopening from June 1.

- On the supply front we will likely receive more details about the syndication

of the new 2050 gilt with the syndicate possibly announced as early as today. At

15:30BST on Tuesday we will receive confirmation of the coupon on the new

five-year Jan-26 gilt which is due for launch next week. We expect a 0.125%

coupon with the DMO seemingly preferring to not have zero coupon gilts. After a

couple of weeks of net positive supply when taking into account APF purchases

due to the large syndication deals, this week will see the BoE likely buy more

gilts than the DMO sells.

- For our full rundown on the upcoming week, auction previews and recap of

recent events see the MNI Gilt Week Ahead.