UK Sovereign

Boris Johnson, the UK's new prime minister, has spent most of his first week in power making life difficult for his new chancellor. Announcing big investments in transport infrastructure, health and social care in his first speech on the steps of 10 Downing Street, Johnson is already racking up the bills.

As the market prepares for Libors to end their run as the world’s most prevalent reference rates, there is growing support for the benchmarks to be reprieved.

The UK Debt Management Office sold a new 10 year Gilt via auction on Tuesday that was priced with its second lowest yield in history. Investors piled into the haven asset as the risk of the UK crashing out of the EU without a deal rose following Boris Johnson's anointment as leader of the ruling Conservative Party.

The City of London Corporation will raise £450m ($562m) of debt from its first US private placement deal, surpassing expectations. The debt will be issued under a green and sustainable financing framework.

NatWest Markets, the investment bank owned by Royal Bank of Scotland, has launched its own environmental, social and governance deposit product, responding to a desire among companies, public bodies and investment firms to invest their cash ethically.

The UK Debt Management Office (DMO) issued its 60th syndicated bond on Tuesday and signalled a “smooth” start to the second quarter of its 2019–20 financial year, as it printed an inflation-linked tap that was eight times oversubscribed.

The City of London Corporation, via its endowment fund The City’s Cash, has held its first roadshow for its inaugural US private placement notes. The funds will be partly used to finance the consolidation of the Billingsgate, Smithfield and Spitalfields wholesale food markets at a new site in Dagenham, Essex.

The UK Debt Management Office (UK DMO) has appointed four banks to lead the syndicated reopener of its 0.125% 2041 index-linked Gilt, which is planned to take place next week.

The UK is preparing to issue its second sukuk, following its debut in 2014.

The UK Debt Management Office (UK DMO) will reopen its 2041 index-linked Gilt through syndication in the week commencing July 8, subject to market and demand conditions.

CME Group’s fixed income electronic trading platforms business is launching a dealer-to-client Request for Quote (RFQ) trading product for the European repo market.

Investors are calling on the UK to issue green bonds. Should it? There is little doubt markets would like them — but the important question is, would the public?