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No big surprises to gilt operations calendar

GILTS

The DMO has chosen to not auction any gilt more than once during FQ4 (Jan-Mar). And all gilts are on-the-run (which was overwhelmingly expected given the small number of auctions).

  • Shorts: 3/5-year gilts.
  • Mediums: 7/10-year gilts.
  • Long: 30-year gilt at auction, new 50-year gilt at syndication.
  • Linkers: 10/30-year linkers.
No huge surprises.

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