WEEK AHEAD: Next week the DMO will come to....>

GILTS: WEEK AHEAD: Next week the DMO will come to the market to issue Stg2.75bln

of the 0.875% Oct-29 gilt on Tuesday. This will be the second time in just over

three weeks that the issue has been re-opened (15 Oct last), while the issue

will be re-opened once more four weeks following the upcoming auction on 3 Dec.

The bid-to-cover ratio has declined a little over the past couple of auctions,

from 2.22x to 1.94x to 1.87x, although the tail has stayed at a steady 0.5bp

over the past three auctions. At the time of writing the prevailing yield of

0.645% was very close to the average yield of 0.633% achieved in the October

auction.

- Next Thursday will see the Bank of England Monetary Policy Committee meet

ahead of the publication of its newly named Monetary Policy Report and Carney's

press conference. Thursday will also see the OBR will publish "restated March

forecasts." Note that these forecasts will be updated for methodological changes

and for previous errors in the data (corporation tax), but will not be updated

for any data released since the March forecasts were produced. (1/2)