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W/C July 18, 2022


Off Best Levels But Comfortably Firmer


Stable Ratings Up For Review On Friday


Timeline of key events (Times BST)

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BOE: The BOE purchases GBP1.1508bln of long-dated gilts with an offer-to-cover
of 2.61x.
- Previous offer-to-cover ratios previous first (2.51x, 3.29x, 2.69x, 3.09x)
- 1091.1mln of the 1.625% Oct-54 gilt
- 48.7mln of the 2.50% Jul-65 gilt

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