UK eyes expansion to 60 years but pensions rule to quash demand

The United Kingdom Debt Management Office this week removed the 50 year maturity cap on Gilts in the 2013-2014 fiscal year and said it will look to launch deals with maturities between 50 and 60 years. But it coincided with a pension fund liabilities announcement that analysts have suggested may harm demand for Gilts at the long end of the curve.