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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom 16-Year Index-Linked Treasury Gilt Auction climbed to 1.27% in September 2023
FMPMonthlyReleased October 2023
United Kingdom 16-Year Index-Linked Treasury Gilt Auction climbed to 1.27% in September 2023, released October 2023, up 0.28% from August's 0.99% reading.
Latest Release
1.265000
Actual
—
Consensus
0.986000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Bullish GBP | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Bullish GBP | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Bullish UK | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
16-Year Index-Linked Treasury Gilt Auction (United Kingdom) was reported at 1.27% in October 2023. The reading rose from the previous value of 0.99%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Core Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update October 2023.
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16-Year Index-Linked Treasury Gilt Auction - UK
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About 16-Year Index-Linked Treasury Gilt Auction — United Kingdom
DEFINITION
The 16-Year Index-Linked Treasury Gilt Auction is a financial indicator that measures the demand and pricing of government-issued bonds with a maturity of 16 years. These bonds are linked to the inflation rate, providing investors with protection against rising prices. The auction process allows the government to raise funds for its operations while providing investors with a secure and potentially profitable investment opportunity. This indicator is closely monitored by financial experts and investors as it reflects the overall confidence in the economy and government's ability to manage inflation.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2023): actual 1.265 %. Prior reading (Aug 2023): 0.986 %. Before that (Apr 2023): 0.334 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.