The August 2031 index-linked gilt trades at an expensive valuation, RBC Capital Markets strategists say in a note. The index-linked gilt is set to be auctioned by the Debt Management Office at 0900 GMT and this is likely the bond's final tap, they say. The strategists have a 'sell' bias on the August 2031 index-linked gilt, which is due to fall below the five-year maturity segment in August. (miriam.mukuru@wsj.com)
Dow Jones Newswires
August 2031 Index-Linked Gilt Looks Expensive Ahead of Auction — Market Talk
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The August 2031 index-linked gilt trades at an expensive valuation, RBC Capital Markets strategists say in a note. The index-linked gilt is set to be auctioned by the Debt Management Office at 0900 GMT and this is likely the bond's final tap, they say. The strategists have a 'sell' bias on the Augu…