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The DMO sells GBP1.25bln nominal of the 1.75% Jul-57 Gilt

GILT AUCTION RESULTS
  • Avg yield 0.860% (0.674%), bid-to-cover 2.49x (2.16x), tail 0.1bp (0.6bps), price 127.926 (135.138)
  • Pre-auction mid-price 127.707
  • An additional GBP312.5mln will be available through the PAOF to successful bidders until 14:30GMT.
  • STRONG AUCTION

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