1427 GMT - The U.K. Debt Management Office's shift towards issuing more shorter-dated government bonds, or gilts, in July to September is "the most aggressive in the DMOs history," RBC Capital Markets strategists say in a note. The DMO announced in recent months that it was reducing the proportion of long-dated gilt issuance and instead issuing more shorter-dated gilts reflect market demand. The average weighted maturity of gilt issuance is estimated to fall to 9.3 years, RBC calculates. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
June 03, 2025 10:27 ET (14:27 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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.