1335 GMT - The U.K. Debt Management Office and the Bank of England have been responsive to gilt market moves, which should be reassuring for gilt investors, Deutsche Bank's Sanjay Raja and Shreyas Gopal say in a note. The DMO at the spring budget reduced the proportion of long-dated gilt sales scheduled in the fiscal year 2026 and raised the share of short-dated and medium-dated gilt sales in response to market demand for shorter-dated gilts. The BOE also rescheduled the planned sale of a long-dated bonds, moving it to the third quarter, following a sharp selloff of long-dated gilts in early April. As gilt issuance is expected to rise, "investors should be reassured by recent and welcome changes from both the DMO and BOE," the strategists say. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 09:35 ET (13:35 GMT)
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