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SOFR: SFRU5 Blocked
Jul-21 13:58
Latest block trade lodged at 09:35:58 NY/14:35:58 London:
- SFRU5 6K lots blocked at 95.835, looks like a seller.
BOE APF SALES RESULTS: Strong long-dated sales op
Jul-21 13:56
- The vast majority of the sales today were of the 32-year 1.75% Jul-57 gilt with just over GBP550mln out of GBP600mln sales made of that gilt.
- Overall the BOE will be pretty happy with this operation.
- There was a decent bid-to-cover and the price achieved on the 1.75% Jul-57 gilt in particular was above the secondary market mid-price as the operation closed (and not far off the high of the day).
- Indeed, the price of that gilt has moved higher following the result and there is likely some wider relief with 10s30s down around 0.2bp since the the results were published.
BOE APF SALES RESULTS: Detailed results
Jul-21 13:51
| Long Gilts | Bids received | BOE sells | WAAP | Prev offers | Prev buys |
| 0.875% Jan-46 | GBP0.0m | GBP0.0m | GBP0.0m | ||
| 4.25% Dec-46 | GBP25.9m | GBP8.0m | 85.860 | GBP22.3m | GBP0.0m |
| 1.50% Jul-47 | GBP0.0m | GBP18.3m | GBP0.0m | ||
| 1.75% Jan-49 | GBP0.0m | GBP0.0m | GBP0.0m | ||
| 4.25% Dec-49 | GBP0.0m | GBP0.0m | GBP0.0m | ||
| 0.625% Oct-50 | GBP0.0m | GBP0.0m | GBP0.0m | ||
| 1.25% Jul-51 | GBP0.0m | GBP0.0m | GBP0.0m | ||
| 3.75% Jul-52 | GBP68.5m | GBP0.0m | GBP0.0m | GBP0.0m | |
| 1.50% Jul-53 Green | GBP0.0m | N/A | N/A | ||
| 1.625% Oct-54 | GBP0.0m | GBP0.0m | GBP0.0m | ||
| 4.25% Dec-55 | GBP264.3m | GBP41.5m | 82.523 | GBP718.3m | GBP443.4m |
| 1.75% Jul-57 | GBP550.4m | GBP550.4m | 45.081 | GBP94.6m | GBP25.0m |
| 4.00% Jan-60 | GBP0.0m | GBP4.1m | GBP0.0m | ||
| 0.50% Oct-61 | GBP0.0m | GBP40.6m | GBP28.1m | ||
| 2.50% Jul-65 | GBP129.1m | GBP0.0m | GBP93.9m | GBP16.6m | |
| 3.50% Jul-68 | GBP0.0m | GBP77.2m | GBP36.8m | ||
| 1.625% Oct-71 | GBP3.9m | GBP0.0m | GBP18.9m | GBP0.0m |
