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Over half of the bids for the 1.625% Oct-71 gilt

BOE APF SALES RESULTS
  • Over half of the bids received were for the 1.625% Oct-71 gilt (with a 47 year maturity).
  • That accounted for around 60% of today's sales, with a further 30% from the 0.625% Oct-50 gilt.
  • Very low demand across the rest of the curve, with 12/18 gilts on offer today seeing zero bids.
  • A little weakness in gilt futures which hit their low of the day just after the results publication at 98.28 - but they are back to trading at their levels prior to the results now.

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