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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom 16-Year Treasury Gilt Auction climbed to 1.27% in September 2023
FMPMonthlyReleased October 2023
United Kingdom 16-Year 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 Treasury Gilt Auction (United Kingdom) was reported at 1.27% in October 2023. The reading rose from the previous value of 0.99%.
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 S&P Global Construction PMI (Jul 6) and Halifax House Price Index MoM (Jul 7).
Auto-generated from current model state · Refreshes on each release · Last update October 2023.
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16-Year Treasury Gilt Auction - UK
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About 16-Year Treasury Gilt Auction — United Kingdom
DEFINITION
The 16-Year Treasury Gilt Auction is a financial indicator that measures the demand and interest rates for government bonds with a maturity of 16 years. This auction is conducted by the government to raise funds for various projects and initiatives. The results of this auction can provide insights into the overall economic climate and investor sentiment towards government debt. It is closely monitored by financial institutions and investors as it can impact interest rates and bond yields in the market.
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): 4.786 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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