UK DMO advised to issue in May as sterling bid stays strong


Technical support for the sterling bond market still remained strong, investors said this week, as the UK’s Debt Management Office starts to shape up its multi-billion sterling issuance schedule.

By Mike Turner
20 Mar 2019

The sterling market has been largely resilient in the face of Brexit’s political back and forth. Issuers said last week that there was plenty of demand in the currency, so printing deals was more a case of managing the volatility than finding buyers.

“It makes sense,” said an investor ...

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