April 23, 2024 06:40 GMT
More on the remit adjustment
GILTS
- That is the upper end of the range of estimates of GBP6-13bln that we had seen (we had thought it would be the smaller end after this morning's CGNCR data).
- The DMO notes that the increase was due to GBP9.8bln from CGNCR (which was out at 7:00BST), GBP4.7bln less from "other financing items", GBP0.1bln less bill issuance and partially offset by GBP1.8bln higher gilt issuance in FY23/24.
- The planned additional conventional auctions will take place on 17 July, 5 February and 25 March with the additional linker auction on 28 August.
- There are no changes to planned bill sales.
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