Gilts an oasis from vol as DMO extends curve
The UK Debt Management Office again broke a couple of syndication records as it extended the Gilt curve on Tuesday, but onlooking bankers felt the real story was how the underlying Gilt curve behaved through the deal.
There were ructions in euros as investors digested news that the populist parties likely to take power in Italy were sticking to their Eurosceptic guns a little more than hoped, while US swap spreads imploded. But Gilts were a picture of relative calm.
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