U.K. DMO Could Skip Long-Dated Gilt Auctions in Fiscal 2027 -- Market Talk
Dow Jones
Jan 02
1045 GMT - The U.K. Debt Management Office could skip long-maturity gilt auctions in the next fiscal year which ends in April 2027, Barclays rates strategists say in a note. The U.K. is shifting to more short-term and medium-term borrowing and away from long-term borrowing due to falling demand for long-maturity government bonds. "Our central view is that there will be no long conventional supply via auctions with the DMO holding two syndications of [long-dated gilts]," they say. Any demand for long-maturity gilts could be met through the DMO's gilt tender program, the strategists say. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
January 02, 2026 05:45 ET (10:45 GMT)
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