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Short purchase analysis

BOE APF PURCHASES
  • Most purchases of the 0.625% Jun-25 (over GBP1bln), with total offers similar to last time (GBP1.336.0mln offered vs GBP1401.5mln last week).
  • Decent increase in offers of the 0.125% Jan-26 despite BOE not buying much (GBP1495.9mln offered vs GBP1095.1mln last week).
  • Biggest increase in offers of the 1.25% Jul-27 (GBP849.2mln vs GBP204.8mln last week).
  • Offers of the 0.125% Jan-28 actually reduced (GBP885.7mln vs GBP1276.9mln last week).

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