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MNI Gilt Week Ahead: What next for market ops?

  • The MPC's December decision is very data dependent - next week will be huge but this week we will see the first print of Q3 / September GDP / activity data.
  • The week ahead will be supply heavy in the gilt market. Even with a relatively small syndication versus our expectations, this week’s net issuance (including BOE operations) would still exceed anything seen since the beginning of 2019/20.
  • We look ahead to the Bank's announcements on the unwind of the "temporary" purchase operations - and also at the Bank's options if it wants to help the market's collateral shortage via making more short-dated gilts available.
  • This week we will hear from Pill, Haskel, Cunliffe and Tenreyro - we look ahead to their speeches.
For the full document including syndication / auction previews for the week ahead see:

GiltWeekAhead20221107.pdf

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