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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom 2-Year Treasury Gilt Auction held to 3.56 in August 2024
FMPMonthlyReleased September 2024
United Kingdom 2-Year Treasury Gilt Auction held to 3.56 in August 2024, released September 2024.
Latest Release
3.559000
Actual
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Consensus
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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
2-Year Treasury Gilt Auction (United Kingdom) was reported at 3.56 in September 2024.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 4.46, down from the prior three at 4.89.
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 September 2024.
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2-Year Treasury Gilt Auction - UK
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About 2-Year Treasury Gilt Auction — United Kingdom
DEFINITION
The 2-Year Treasury Gilt Auction is a financial indicator that measures the demand and interest rates for UK government bonds with a maturity of two years. This auction is held regularly by the UK Debt Management Office to raise funds for the government and serves as an important benchmark for short-term interest rates in the UK economy. Investors closely monitor the results of these auctions as they provide insight into the current market sentiment and expectations for future economic conditions.
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 (Sep 2024): actual 3.559 %. Prior reading (Nov 2023): 4.554 %. Before that (Aug 2023): 5.272 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current 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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