The UK DMO will come to........>

GILT AUCTION PREVIEW: The UK DMO will come to market on Tuesday for Stg1.1bln.

On offer is the 0.125% Index-linked Oct-28 Gilt. 

- HISTORY: The result of the last auction of the above bond is listed below: 

Oct-28 I/L Gilt: average yield -1.716%, cover 2.19x, on 23/10/18. 

- BACKGROUND: Theresa May has moved back a meaningful vote on her Brexit deal

from Feb 27 to Mar 12, increasing the likelihood of an extension to Article 50.

A new plan from some Tory MPs suggests ministers postpone Brexit until 23 May

"to conclude negotiations", whilst there have been reports that the EU would

prefer a 21-month extension. 

Gilts sold off across the curve on Monday morning: an extension is seen to

decrease the likelihood of a no-deal Brexit.

The Oct-28 Guilt linker currently trades at -2.018%, up 3.8bps on Friday's

close. 

January data for UK Finance Mortgage Approvals is due at 0930GMT prior to the

auction.  

- TIMING: Results are due shortly after the auction closes at 1030GMT.