SX7E 17th June 100/110cs, bought for 1.25 in 12k vs CAM2 1,920 at 88.60
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SX7E 70 put, 16th Dec, bought for 5.30 in 11k
Wide tail - as we noted was a risk in our preview.
| 0.25% Jan-25 Gilt | Previous | |
| Amount | GBP3.25bln | GBP3.00bln |
| Avg yield | 0.952% | 0.690% |
| Bid-to-cover | 1.91x | 1.96x |
| Tail | 2.5bp | 0.8bp |
| Avg price | 97.986 | 98.592 |
| Pre-auction mid | 98.020 | 98.579 |