The UK DMO will tap the........>

GILT AUCTION PREVIEW: The UK DMO will tap the market on Thursday for Stg2.25bln

when they re-open the 10y 1.625% Oct-28 Gilt benchmark.

- HISTORY: The results of the above bond are listed below: 

1.625% Oct-28: average yield 1.27%, cover 2.17x, on 08/01/19. 

- BACKGROUND: The 10yr benchmark currently trades at 1.194% around the 12-month

low set last week at 1.150%. British Gilt markets have remained at the mercy of

Brexit uncertainty with yields grinding lower as the clock to Brexit winds down.

News this morning suggested that May will delay the meaningful vote as long as

possible to pressure MPs into a "her deal or no deal" situation will only

increase investor anxiety adding further downward pressure to yields.      

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