UK smashes records with blowout inflation linker
The UK took home £1bn more than planned and inverted the far end of its inflation-linked yield curve with its longest dated index linker ever on Tuesday.
Barclays, Deutsche Bank, HSBC and Morgan Stanley closed books with 122 orders — a record number for a syndicated Gilt, either conventional or inflation-linked. Books reached £10.8bn.
The sovereign printed £5bn of the 0.125% March 2068 line — more than expected — due to the strong demand.
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