UK T-BILL AUCTION RESULTS: 1/3/6-month UKTBs
| 1-month | 3-month | 6-month | |
| Maturity | Oct 6, 2025 | Dec 8, 2025 | Mar 9, 2026 |
| Amount | GBP1.0bln | GBP2.5bln | GBP3.0bln |
| Previous | GBP1.0bln | GBP2.0bln | GBP3.0bln |
| Avg yield | 3.9961% | 4.0672% | 4.0572% |
| Previous | 3.9952% | 4.0676% | 4.0750% |
| Bid-to-cover | 3.68x | 3.14x | 3.76x |
| Previous | 2.82x | 2.92x | 3.55x |
| Next week | GBP1.0bln | GBP2.5bln | GBP3.0bln |
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EGB OPTIONS: Bund downside Put Fly
RXV5 131/130/129p fly, bought for 15.5 in 2k.
SOFR: Mix Of Net Short Setting & Long Cover Seen In Futures On Tuesday
OI data points to net short setting dominating in the front 11 contracts as SOFR futures ticked lower on Tuesday.
- Net long cover then came to the fore in the in 3 of the 5 contracts across SFRH8-H9.
| 05-Aug-25 | 04-Aug-25 | Daily OI Change |
| Daily OI Change In Packs |
SFRM5 | 1,234,845 | 1,229,935 | +4,910 | Whites | +55,484 |
SFRU5 | 1,272,724 | 1,269,936 | +2,788 | Reds | +30,310 |
SFRZ5 | 1,372,135 | 1,343,145 | +28,990 | Greens | +54,019 |
SFRH6 | 1,070,063 | 1,051,267 | +18,796 | Blues | -217 |
SFRM6 | 886,489 | 874,869 | +11,620 |
|
|
SFRU6 | 853,616 | 853,482 | +134 |
|
|
SFRZ6 | 952,570 | 947,636 | +4,934 |
|
|
SFRH7 | 723,610 | 709,988 | +13,622 |
|
|
SFRM7 | 778,933 | 733,863 | +45,070 |
|
|
SFRU7 | 576,162 | 571,992 | +4,170 |
|
|
SFRZ7 | 512,749 | 504,762 | +7,987 |
|
|
SFRH8 | 332,777 | 335,985 | -3,208 |
|
|
SFRM8 | 273,201 | 272,504 | +697 |
|
|
SFRU8 | 206,936 | 208,967 | -2,031 |
|
|
SFRZ8 | 215,554 | 212,056 | +3,498 |
|
|
SFRH9 | 150,083 | 152,464 | -2,381 |
|
|
SONIA OPTIONS: Option Package
SFIZ5 96.60/96.80/97.00/97.20c condor sold at 0.75 in ~1.3k with SFIZ5 96.50/96.70cs, sold at 2.25 in ~2.88k.
