BoE sells GBP 800mln Short-term Gilt: b/c 2.25x
The BoE's sale of GBP 800 million in short-term Gilts at a bid-to-cover ratio of 2.25x indicates solid demand in the current environment.
Newsquawk European Market Wrap - 23rd February 2026
US EQUITY OPEN: Indices edge lower as traders continue to digest Trump tariffs
BoE sells GBP 800mln Short-term Gilt: b/c 2.25x
US President Trump posts "I do not have to go back to Congress to get approval of Tariffs. It has already been gotten, in many forms, a long time ago!"
European MP Lange says they have decided to postpone the vote on a US trade deal which was set for Tuesday. Intend to vote eventually, but need clarity first. To meet on Wednesday to look at developments and assess the situation.
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This could suggest a strong appetite for UK government debt, potentially comforted by the market's view of stability or risk tolerance. It may also reflect shifts in supply dynamics and can influence the broader yield curve, particularly if traders perceive the central bank's actions as aligning with future policy moves.
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