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The UK DMO comes to market.....>

GILT AUCTION PREVIEW
GILT AUCTION PREVIEW: The UK DMO comes to market on Thursday looking for E1.5bln
when they auction the 1.75% Jul-57 Gilt. 
- HISTORY: The result of the last auction of the above mentioned is listed
below: 
1.75% Jul-57: average yield 1.60%, cover 1.74x, on 19/07/2018.  
- BACKGROUND: Yields across the Gilt curve have continued to tick down as Brexit
approaches with a no-deal still the base case scenario. Any news reducing the
probability of such an outcome should see Gilts sell off across the curve, with
effects in the ultra long end less severe than shorter durations.  
The current benchmark 30yr Gilt currently trades at a yield of 1.701%.  
- TIMING: Results are due shortly after the auction closes at 1030GMT. 

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