UK sells GBP 1.25bln 0.125% 2028 Gilt auction via Tender: b/c 3.77x (prev. 3.84x), average yield 3.443% (prev. 3.783%)

The UK’s recent Gilt auction saw a slight decline in demand, with a bid-to-cover ratio of 3.77x compared to the previous 3.84x, indicating a softer appetite from investors.

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UK sells GBP 1.25bln 0.125% 2028 Gilt auction via Tender: b/c 3.77x (prev. 3.84x), average yield 3.443% (prev. 3.783%)

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The average yield also dropped to 3.443% from 3.783%, which may reflect changing market sentiments or perceived risks. This adjustment in auction dynamics could lead to implications for future rate expectations and overall risk sentiment in fixed income markets.

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