The latest sale of index-linked 50-year gilts was completed in record time today, as investors snapped up £4bn worth of debt.
The Debt Management Office (DMO) reported sales of the long-dated government bonds attracted £11bn of bids in just 45 minutes. The DMO's chief executive, Robert Stheeman, said the auction had been a 'striking success' for the gilt market. "Once again we have been very impressed with the market's capacity to mobilise a very large and high quality book of demand, of £11bn, within 45 minutes, a record time for an index-linked syndication and the record time for any book of this size." Once again confirming the attraction of the gilt market in times of strife - not to mention the level...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
