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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom 28-Year Index-Linked Treasury Gilt Auction climbed to 1.33% in January 2024
FMPMonthlyReleased January 2024
United Kingdom 28-Year Index-Linked Treasury Gilt Auction climbed to 1.33% in January 2024, up 0.02% from December's 1.31% reading.
Latest Release
1.333000
Actual
—
Consensus
1.314000
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
28-Year Index-Linked Treasury Gilt Auction (United Kingdom) was reported at 1.33% in January 2024. The reading rose from the previous value of 1.31%.
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 Employment Change (Jun 18) and Unemployment Rate (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update January 2024.
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28-Year Index-Linked Treasury Gilt Auction - UK
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About 28-Year Index-Linked Treasury Gilt Auction — United Kingdom
DEFINITION
The 28-Year Index-Linked Treasury Gilt Auction is a financial indicator that measures the demand for long-term government bonds in the United Kingdom. These bonds are linked to the country's inflation rate, providing investors with a hedge against rising prices. The auction allows the government to raise funds for long-term projects while also providing a benchmark for interest rates and inflation expectations. This indicator is closely monitored by investors and analysts as it reflects the overall sentiment towards the UK economy and its future inflation outlook.
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 (Jan 2024): actual 1.333 %. Prior reading (Nov 2023): 1.314 %. Before that (Sep 2023): 1.33 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.