DMO issuance cut to have little impact

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THE DEBT Management Office's decision to cut its long-dated and index-linked gilt issuance will have only a marginal impact on pension schemes, consultants say.

The DMO will issue £23.4bn of long-dated gilts and £15bn of index-linked gilts in 2007-08 and a further £20bn of short and medium maturity gilts – more than £4bn less than the £62.5bn it issued las...

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