July 02, 2024 09:09 GMT
Strong 3-year auction
GILT AUCTION RESULTS
- Strong 3-year gilt auction with a 0.4bp tail and the lowest accepted price of 98.255 matching the highs on the secondary market through the last 40 minutes of the auction.
- There was a little move higher in price on the release of the results with a post-auction high of 98.259 still well below the intraday high. Gilt futures saw very little reaction to the auction.
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