Week Ahead (2/2)

• Today will also see the DMO hold its quarterly consultation meetings with investors and GEMMs to discuss issuance for FQ2 (July to September). We set out our expectations in our publication last week.
• Today, step 3 on the English lockdown easing roadmap comes into effect. This means that people can now meet indoors in groups of six people (or two households) or outside in groups of up to 30 people and people are now able to hug. More significant from an economic perspective will be the businesses that are able to reopen including hotels, indoor seating areas for pubs and restaurants, cinemas, softplay areas as well as spectators for sporting events (in limited numbers). The India Covid-19 variant will be closely monitored after recent comments from PM Johnson and other senior government officials alluding to the transmissibility of the new strain having an impact on the next stage of the lockdown roadmap which is due to come into effect on 21 June which would see most other restrictions on businesses removed.

For the full Gilt Week Ahead including auction previews please click here.