UK - Today's auction of inflation-linked British bonds garnered the lowest demand since October 2008 as analysts said the government's planned changes to pension indexing created uncertainty for fund managers.
The Debt Management Office sold £1.2bn (US$1.8bn) of 1.875% inflation-protected bonds maturing in 2022 at a yield of 0.947%, up from the rate of 0.765% at a similar sale on May 13. Investors bid fo...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date