–BOE Accepts Offers For Seven Gilts
LONDON (MNI) – The Bank of England saw cover of 2.14 at its over
10-25 year reverse Gilt auction Wednesday, the second auction for this
maturity range since Quantitative Easing was relaunched.
The cover ratio was below that seen in the first 10-25 year
auction, when it was 2.73. The central bank accepted offers for seven of
the eight Gilts in the auction.
The only Gilt for which no offers were accepted was the 4.75% 2030
Gilt, where the BOE only received offers for stg25.11 million.
Some 36% of all offers accepted were for one gilt, the 4.25% 2027
Gilt, where the BOE accepted offers for stg611 million.
–London newsroom 0044 20 7862 7491; email: drobinson@marketnews.com
[TOPICS: M$B$$$,M$$BE$,MMBBE$]
