UK Sovereign
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The UK last syndicated a 10 year deal in May 2020
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Treasury chooses internal expert after competitive recruitment process
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Debt Management Office will have to shift issuance shorter as long end stalwarts retreat
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Investor orders came to 14 times the deal size
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New British Savings Bond will be delivered through National Savings and Investments
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Final syndication set for March and will be a linker
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Demand for long-dated SSA bonds surges as bets on spring cuts persist
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Meanwhile, French agency adds to sterling SSA issuance
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DMO's chief said there's no reason to be 'unduly concerned' as levels of government supply are high globally
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Underlying public sector net debt to peak at 93.2% of GDP in 2026-2027
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Tumbling inflation boosts duration bid as issuer catches record 248 orders
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Scottish government declares bond plans but SSA experts puzzle over rationale and spread to Gilts
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CEO of UK Debt Management Office looks back over 20 years as search for replacement begins
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Respected funding official has led the debt agency for 20 years
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'Hard to quantify' how acceleration of Gilt sales will hit markets
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Policy blunder hurts UK's credibility on climate issues and points to value of sovereign SLBs
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Investors and dealers get to grips with nuances of demand for greater feedback
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Financial problems are widespread in local government, and set to grow
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'Generally of the view that we’re at or around peak rates' says lead
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UK achieves second largest order book ever for linker sale
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Long-dated bonds to be tapped and issued, Greece mounts tender offer
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The sovereign issuer’s track record of resilience in the face of market shocks suggest the country’s most recent round of problems is unlikely to be too impactful
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UK real money laps up 2063 paper as issuer prices at tighter end of guidance
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Core pension funds and insurers showed up for index-linked Gilt in tricky market with the UK set to sell ultra-long paper in three weeks' time
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Sovereign sails through ‘important test’ as it powers ahead with £242.8bn remit
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UK consumer prices go up 30bp as the sovereign maintains record levels of borrowing
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The bonds were purchased at the height of the recent Gilt market crisis
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Market sentiment recovering from recent woes but supply to soar
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‘All is expected’ from the UK government’s long-awaited autumn statement
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The EU and sovereign issuers will keep SSA investors busy with year-end deals
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Market absorbed heavy Gilt issuance and a slew of supra, agency and FIG deals
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The sovereign brushed off recent turbulence to summon over £47bn of orders for its £6bn syndication
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Four straight days of Gilt sales this week could take supply to the market to over £10bn
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All eyes are on the Bank's next auction as it begins the era of active QT for world's leading central banks
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In a historic move, the Bank of England has started outright sales of its vast stock of Gilts
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The Bank of England is hiking blind in a blizzard after the Treasury’s autumn statement delay
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Markets want incoming PM to be fiscally responsible
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Market still hopes for stability ahead of October 31 budget statement
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Brief rally fades, but signs suggest LDI investors have offloaded what they needed to
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• The way out of UK market disarray • Italian banks in a better state • Bring back the bonus cap, say bankers
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Green Gilt tap “during extraordinary volatility was a terrific result”, says DMO chief Robert Stheeman
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Markets bewildered by government policies and ensuing chaos: "It’s like someone decided to put the brakes on and accelerate at the same time"
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Yield on the bond tightened by 70bp after spread was fixed thanks to intervention
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Yields on UK Gilts widened by 50bp for a second consecutive day
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The UK’s reputation is on the line as its new government risks repeating history
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Concerns rise whether the market will be able to stomach additional Gilts coming not only from the DMO but also the Bank of England's quantitative tightening