LONDON, March 21 (Reuters) - British government bond
futures pared losses slightly after strong demand from investors
at an auction of 2 billion pounds ($2.45 billion) of the 3.75%
2053 gilt on Tuesday.
Investors bid for 2.71 times the volume of October 2053
gilts available, and the yield tail - a measure of the quality
of bidding - was short at just 0.1 basis points, indicating that
low bids were unsuccessful.
June gilt futures pared losses by around 10 ticks
after the result to stand at 104.75 at 1007 GMT, down 68 ticks
on the day against a broadly weaker picture for U.S. Treasuries
and German Bunds.
($1 = 0.8163 pounds)
(Reporting by David Milliken, Editing by Kylie MacLellan)
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