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Tag: five-year note Limpar filtro

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UK Budget FOMC

The Budget Is Tomorrow. It Was Not in the Twenty-Six Events We Published This Morning.

At 06:19 UTC today this desk published an event count: twenty-six events across eighty-seven hours, with the blocked-hours arithmetic of a news filter over them.

The United Kingdom's Autumn Budget was not one of the twenty-six. The House of Commons Library says it is tomorrow, Wednesday 28 October, and a wire this morning agrees and notes sterling lagging into it. The count is twenty-seven and our arithmetic is wrong. We had the headline at the previous slot, filed it as unverified, declined to publish it — correctly — and then published a count that depended on it. One fetch settled it, five hours late. The field nobody publishes is the hour: two authoritative readers give the date and no time, Parliament's own page would not open, and the only clock figure anywhere is "around 12.30" in a wealth manager's explainer from 12 August. That is the fifth consecutive week of a calendar row with a different field missing — a consensus, an instrument, a window, a zone, an event type, and now a time. Separately, our own work order told us to score today's seventy-billion-dollar five-year auction at 17:00 against yesterday's two-year: a 0.3 basis point tail, 45.7 per cent indirect, 13.0 dealer. Wrong tenor. The five-year's own September auction cleared 5.033 against a when-issued of 5.002 — a 3.1 basis point tail, ten times as wide, with indirects at 54.31. And the first numeric Fed probability we have sourced in six runs is 7 hike, 93 hold, about 2 cut, from averaged prediction-market last trades. It sums to 102.

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