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On Jan 8 the UK DMO comes to...>

GILT AUCTION PREVIEW
GILT AUCTION PREVIEW: On Jan 8 the UK DMO comes to market for Stg2.25 selling
the 1.625% Oct-28 Gilt. 
- HISTORY: For comparison at the last auction of the 1.625% Oct-28 Gilt on Nov
6: 
Stg2.25bln was allotted, average yield 1.49%, cover 1.96x.  
- RV/BACKGROUND: The BBC reported early on Monday that the UK government will
hold the meaningful vote on the Brexit deal on January 15. 
Gilts have since rallied with the 7- and 10-year benchmarks outperforming the
curve. The 10-year trades at a yield of 1.234% down from 1.278%, while the 2s10s
spread has narrowed to 49.7bps from 52.1bps. 
The Mar 19 gilt future trades at 123.56, 10 ticks of the high and near the top
of Monday morning's range. 
- TIMING: Results will be due shortly after the auction closes ay 1030GMT. 

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