UK sells GBP 4bln 4.125% 2031 Gilt: b/c 3.33x (prev. 3.94x), average yield 4.228% (prev. 4.001%), tail 0.3bps (prev. 0.2bps)
The UK’s recent gilt auction saw a weaker bid-to-cover ratio at 3.33x, down from the prior 3.94x, indicating less demand among investors.
Mitsubishi Electric (6503 JT) is reportedly in talks with Hon Hai (2317 TT) around investment for its automotive parts subsidiary, Nikkei reports
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UK sells GBP 4bln 4.125% 2031 Gilt: b/c 3.33x (prev. 3.94x), average yield 4.228% (prev. 4.001%), tail 0.3bps (prev. 0.2bps)
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US Senator Gallego (D) has written to Energy Secretary Wright asking for details on plans to provide oil from the SPR, Axios reports
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Coupled with an increased average yield of 4.228%, up from 4.001%, this shift suggests growing concerns over inflation and potentially tighter monetary policy, which could influence interest rates and overall market sentiment in the fixed income space.
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