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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.
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Free AccessThe DMO come to the market.....>
GILT AUCTION PREVIEW: The DMO come to the market today to sell Stg500mln nominal
of the 0.125% Aug-48 index-linked gilt.
- This will be the seventh auction of the issue which is considered the 30-year
benchmark linker (it was originally launched through two syndicated offerings).
The total nominal amount in issue after the auction will be close to Stg10bln.
The majority the previous auctions have seen healthy bid-to-cover ratios of over
2x, with the exception of the June 2019 auction that saw a larger E700mln
issued. The real yield at the time of writing is -1.79%, around 35bp higher than
the yield at the last auction in September.
RESULTS: Results will be announced shortly after the auction closes at 10:30GMT.
- A further Stg75mln nominal will be available to successful bidders through the
PAOF later today.
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.