Post-Brexit gilt auctions met with strong demand

Brexit and the City
UK debt still seen as ‘safe haven’ asset despite Brexit

The UK's first two gilt auctions since voting to leave the European Union were met with high demand, this week – in particular the 10-year sold today (July 7).

The UK's Debt Management Office (DMO) sold £2.25 million of 10-year gilts today, at an average yield of 0.91%. Bids exceeded the amount on sale by 2.3 times.

This was the second auction since the referendum vote on June 23. The first issuance drew bids exceeding the amount on sale by 1.8 times, allowing the five-year bond to be sold at a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: