U.K. Debt Office, BOE Responsiveness Should Reassure Gilt Investors -- Market Talk

Dow Jones
Apr 23, 2025

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)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10