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Free AccessOn Jan 8 the UK DMO comes to...>
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.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.