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Long-dated gilt takeup likely to be bigger given Friday's guidance

BOE
  • Just a quick note on the BOE operations. Note that on Friday the BOE stated in the long-dated purchase results that "The yield on the best unallocated offer in today's auction was at a spread of -0.1bps to market-mid yields at the close of the auction."
  • So we now have guidance on what will likely be accepted today - so there is the chance for a bigger takeup.

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