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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 AccessMNI US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
UK`s Debt Management......>
UK T-BILL AUCTION PREVIEW: UK`s Debt Management Office (DMO) on Friday re-open
1-month Sep 24, 2018 T-bill for Stg2.0bln and 3-month Nov 26, 2018 T-bill for
Stg2.0bln, and issue a new 6-month Feb 25, 2019 T-bill for Stg1.5bln.
- BACKGROUND: UK T-Bill issuance remains steady this week at Stg5.5bln, same as
last week. 6-month rate expectations according to MNI PINCH have been relatively
steady since next week with less than 3% probability of a 25bps BoE rate hike
through to end-February 2019.
- REDEMPTION: There is a T-Bill redemption of Stg4.0bln scheduled for Tuesday
Aug 28, versus Friday's total sale of Stg5.5bln, therefore net cash flow could
weigh on demand.
- HISTORY: At the last sale on Aug 17, DMO sold a total of Stg5.5bln: Stg2.0bln
in 1-month T-Bill at avg yield 0.725% and 2.24x cover, Stg2.0bln in 3-month
T-bill at avg yield 0.726% and 2.2x cover, and Stg1.5bln in 6-month T-bill at
avg yield 0.722% and 2.58x cover.
- TIMING: Results are due to be announced at around 1005GMT.
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.