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AUCTION PREVIEW: UK GBP 2bln (Act) 4.50% 2034 Conventional Tap

FIXED INCOME

Today the DMO is to auction GBP 2bln at the second reopening of the 4.5% September-2034 conventional gilt. The first reopening of the conventional gilt in this series happened on 04/11/09, where the Bid/Cover was 1.53. Bids for this auction are due by 1030 GMT, and results are expected between 1035-1045 GMT.

Source: RANsquawk

Tue, 08:35 09-02-2010