The UK Treasury has called off its weekly gilt auctions for a four-week period between mid-July and mid-August during the Olympics.
It is afraid too many bond traders will be working from home or not at all during the event. This could raise the prospect of a "sloppy" auction which could force the Exchequer to pay more to borro...
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