UK sells 1and 3 month bills today with negative yield

Author: Giles Coghlan | Category: News

First time since 2017, via Bloomberg

  • This follows last weeks sale of 6 months bills at -0.0005%. 
Aside from Dec 2020 contract implied yields on all of short sterling contracts out to September 2023 are below zero with 2 and 5 yr gilt yields also having negative yields. 

A BoE shift to negative rates increasingly priced in. 

10 year UK gilt yields at 0.167. 
First time since 2017, via Bloomberg
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