UK sells GBP 1bln 0.125% 2028 Gilt via tender: b/c 4.28x (prev. 4.05x), average yield 4.219% (prev. 3.336%), tail 0.3bps (prev. 0.7bps)

The UK’s sale of GBP 1 billion in 0.125% 2028 Gilts via tender saw a stronger bid-to-cover ratio compared to the previous auction, indicating robust demand.

Newsquawk StaffPublished 28 Apr 2026, 09:22 UTCOn the live feed at 09:02 UTC — 5 more headlines followed before this page went public

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09:02

UK sells GBP 1bln 0.125% 2028 Gilt via tender: b/c 4.28x (prev. 4.05x), average yield 4.219% (prev. 3.336%), tail 0.3bps (prev. 0.7bps)

09:01

US officials are said to be concerned about being drawn into a frozen conflict of no war and no deal with Iran, Axios reports

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Italian PPI MoM (Mar) M/M 4.4% (Prev. -0.4%)

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Context

However, the average yield has increased significantly, suggesting a rise in borrowing costs and potential shifts in market sentiment regarding future rate directions. The low tail indicates that the auction was well-received, reflecting stable investor appetite despite higher yields.

Fixed Income · last 90 days

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