DMO sells 50-year linkers at record yield lows; demand will continue to outstrip supply

Jonathan Stapleton
clock • 2 min read

The Debt Management Office (DMO) has sold a new tranche of long-dated index-linked treasury gilts at a gross real redemption yield of -1.32%, a record low which experts say is due to "structural" market imbalances.

The issuance of additional 2065-dated index-linked treasury gilts was priced at £201.34 per £100 nominal and raised a total of £5.1bn. The DMO said the UK domestic market provided the predominan...

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