UK sells GBP 500mln 0.125% 2028 Gilt via Tender: b/c 4.05x (prev. 3.77x), average yield 3.336% (prev. 3.443%), tail 0.7bps (prev. 0.6bps)
The UK’s recent gilt auction, with a stronger bid-to-cover ratio compared to the previous auction, indicates solid investor demand despite a slight increase in yield.
[MARKET ANLYSIS] Gold slips as focus now turns to US ADP employment
[MARKET ANALYSIS] WTI and Brent rangebound with geopols in focus
UK sells GBP 500mln 0.125% 2028 Gilt via Tender: b/c 4.05x (prev. 3.77x), average yield 3.336% (prev. 3.443%), tail 0.7bps (prev. 0.6bps)
German ZEW Current Conditions (Feb) -65.9 vs. Exp. -65.7 (Prev. -72.7, Low. -71.1, High. -65)
EU ZEW Economic Sentiment Index (Feb) 39.4 vs. Exp. 45.2 (Prev. 40.8)
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The reduced average yield suggests a favorable issuance environment, but the slight tail indicates some price pressure. This could reflect a cautious stance towards duration as market participants weigh future rate expectations and inflation impacts.
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