UK sells GBP 4.25bln 4.125% 2031 Gilt; b/c 3.50x (prev. 3.23x), average yield 3.980% (prev. 4.093%), tail 0.2bps (prev. 0.2bps)

The UK successfully sold GBP 4.25 billion in 4.125% 2031 gilts, with demand improving as indicated by a bid-to-cover ratio of 3.50x, up from 3.23x previously.

Newsquawk StaffNewswiresPublished On the live feed at 2 more headlines followed before this page went public
Newsquawk headlinesUTC

China's Vanke to hold meetings for bondholders for two CNY bonds on 21st January

Equinor's (EQNR NO) CEO says the Co. is not planning on returning to Venezuela's oil industry

UK sells GBP 4.25bln 4.125% 2031 Gilt; b/c 3.50x (prev. 3.23x), average yield 3.980% (prev. 4.093%), tail 0.2bps (prev. 0.2bps)

EU Inflation Rate YoY Flash (Dec) 2.0% Y/Y vs. Exp. 2% (Prev. 2.1%); Services 3.4% (prev. 3.5%)

EU HICP Excluding Food & Energy Flash YY (Dec) 2.3% vs. Exp. 2.4%

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
Context

The average yield dropped slightly to 3.980%, compared to the previous yield of 4.093%, which may suggest that investors are becoming more comfortable with UK sovereign debt, potentially affecting future rate sentiments and risk appetite.

Related headlines

The whole workspace, free to try.

Try it free