Government fails to address long-dated bond shortage in pre-budget changes

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THE government has "missed an opportunity" to address a shortage of long-dated gilts in its pre-budget report, the industry says.

Yesterday the government announced an increase in planned gilt sales of £36.4bn for 2008/9 - but said only £5.3bn would be long-dated and only £1bn index-linked. The National Association of Pensi...

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