FOREX: USD Index Extends Consolidation Phase; Waller Speech in Sight
Aug-28 09:17
* The USD Index continues to hug the 50-dma, extending a broadly consolidative phase that has domi...
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ITALY T-BILL AUCTION RESULTS: 6-Month BOT
Jul-29 09:11
| Type | 6-month BOT |
| Maturity | Jan 30, 2026 |
| Amount | E6.5bln |
| Target | E6.5bln |
| Previous | E1.5bln |
| Avg yield | 1.993% |
| Previous | 1.950% |
| Bid-to-cover | 1.48x |
| Previous | 1.64x |
GILT AUCTION RESULTS: Another strong 3-year gilt auction
Jul-29 09:07
- Another strong 3-year gilt auction for the 4.375% Mar-28 gilt.
- The tail of 0.2bp was a little wider than the previous auction's 0.1bp but still very tight while the lowest accepted price (LAP) of 101.057 is higher than any other time of the day (excluding the first 10 minutes of trading).
- The price of the 4.375% Mar-28 gilt is still trading below that of the LAP at the time of writing but is moving higher. Gilt futures have shown little movement despite the strong result.
GILT AUCTION RESULTS: 4.375% Mar-28 Gilt
Jul-29 09:03
| 4.375% Mar-28 Gilt | Previous | |
| Amount | GBP5.00bln | GBP5.00bln |
| Avg yield | 3.941% | 3.847% |
| Bid-to-cover | 3.71x | 3.46x |
| Tail | 0.2bp | 0.1bp |
| Avg price | 101.062 | 101.327 |
| Low price | 101.057 | 101.324 |
| Pre-auction mid | 101.039 | 101.311 |
| Previous date | 02-Jul-25 |
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