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