Bank of England sells GBP 775mln of Medium-term Gilts: b/c 1.97x
Newsquawk Staff ·
Bank of England sells GBP 775mln of Medium-term Gilts: b/c 1.97x.
What it means
The Bank of England's recent sale of GBP 775 million in medium-term gilts, with a bid-to-cover ratio of 1.97x, indicates solid demand for UK government debt. This sale may reflect an easing of concerns regarding inflation or supply issues, and it suggests a stable appetite in the fixed income market. Expect potential impacts on yield curves and broader risk sentiment, especially in how rates are perceived ahead of future policy guidance.
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued
- [MARKET ANALYSIS] Contained, but a bearish skew, across fixed income into the UK Budget and FOMC
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- BoE is to kick off short and precautionary tightening cycle in November, according to a forecast from FT's Monetary Policy Radar team
- [MARKET ANALYSIS] DXY takes a breather after recent gains and heading into the FOMC, while NZD slumps on RBNZ's surprise pause
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