The government will issue less debt this year but increase the percentage of index-linked gilts it auctions at the expense of short-dated conventional gilts.
Budget documents show the government intends to issue £151bn of gilts this year compared with £167.7bn last year. The biggest reduction will be to short-dated conventional gilt issuance, which w...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- 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
