UK plans record Gilt sales in April amid big rise in funding programme

By Burhan Khadbai
01 Apr 2020

The UK Debt Management Office announced plans this week to raise the biggest volume of Gilts in a single calendar month as it prepares for a significant increase to its financing programme from government’s measures to support the economy through the coronavirus outbreak.

The UK DMO said it would raise £45bn of Gilts across the curve in April, the start of its 2020-21 financial year, in what it called an “exceptional revision” to its issuance plans.

The DMO plans to raise the full amount for April through auctions. The average auction ...

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