UK sells GBP 4.25bln 4.75% 2035 Gilt: b/c 3.63x (prev. 3.26x), average yield 4.585% (prev. 4.456%), tail 0.2bps (prev. 0.3bps)

The UK’s recent sale of GBP 4.25 billion in 4.75% 2035 Gilts indicates strong demand, reflected in a bid-to-cover ratio of 3.63x, significantly higher than the previous 3.26x.

Newsquawk StaffPublished 3 Feb 2026, 10:22 UTCOn the live feed at 10:02 UTC — 8 more headlines followed before this page went public

Newsquawk headlinesUTC

10:05

[MARKET ANALYSIS] Metals rebound with spot gold returning above USD 4900/oz

10:03

Citrini Research's Jukan writes "I was imagining something: what if a certain company is trying to acquire Sandisk, and since JPM is advising on the deal, JPM stopped covering Sandisk because of that?"

10:02

UK sells GBP 4.25bln 4.75% 2035 Gilt: b/c 3.63x (prev. 3.26x), average yield 4.585% (prev. 4.456%), tail 0.2bps (prev. 0.3bps)

09:58

Iran's Vice President says a new chapter of Iran's nuclear achievements will be unveiled

09:55

[MARKET UPDATE] Aussie surges on RBA's first hike in two years; DXY softer intraday but off worst levels

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Context

The uptick in the average yield to 4.585% from 4.456% shows the market's adjustment to rising rates, while a reduced tail suggests more competitive bidding. This could imply increasing investor caution about future rate paths, impacting broader fixed income and equities market sentiment.

Fixed Income · last 90 days

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