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U K Bullett Proof As 5 Year Gilts Are Oversubscribed


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HOLA441

http://uk.finance.yahoo.com/news/UK-gets-solid-demand-sale-reuters_molt-1900866294.html?x=0

12:52, Wednesday 15 December 2010
LONDON (
Reuters
) - Britain found solid investor demand at a sale of 3.5 billion pounds ($5.48 billion) of January 2016 gilts, which are likely to become the five-year benchmark next year.
Investors submitted bids totalling 1.93 times the volume of gilts offered by the UK Debt Management Office, a shade lower than the 2.00 cover ratio achieved when the gilt was launched on November (Berlin: NBXB.BE - news) 2.
The yield tail was a little longer at 0.6 basis points versus 0.4 basis points at the last sale, also indicating
slightly
weaker demand
.

International confidence in the Koalishon still quite solid. No IR hikes caused by bond market yet.

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HOLA442

http://uk.finance.yahoo.com/news/UK-gets-solid-demand-sale-reuters_molt-1900866294.html?x=0

12:52, Wednesday 15 December 2010
LONDON (
Reuters
) - Britain found solid investor demand at a sale of 3.5 billion pounds ($5.48 billion) of January 2016 gilts, which are likely to become the five-year benchmark next year.
Investors submitted bids totalling 1.93 times the volume of gilts offered by the UK Debt Management Office, a shade lower than the 2.00 cover ratio achieved when the gilt was launched on November (Berlin: NBXB.BE - news) 2.
The yield tail was a little longer at 0.6 basis points versus 0.4 basis points at the last sale, also indicating
slightly
weaker demand
.

International confidence in the Koalishon still quite solid. No IR hikes caused by bond market yet.

I thought that the yield on the 5 year was rising today?

http://noir.bloomberg.com/apps/quote?ticker=GUKG5:IND

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HOLA443

I thought that the yield on the 5 year was rising today?

http://noir.bloomberg.com/apps/quote?ticker=GUKG5:IND

Yeah, I heard our borrowing costs went up by around 25% the other day thanks to rising bond yields?

That said, for the meantime, we seem to be the best of a bad bunch, if you don't peep behind the curtain, so it wouldn't surprise me if bond investors prefer our bonds at the moment.

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