UK debt agency treads careful path to sell near-record volume of bonds | Reuters News Agency
Business & Finance

UK debt agency treads careful path to sell near-record volume of bonds

Reuters exclusively reported that Britain is trying to limit the burden on bond dealers as it prepares to sell the highest volume of government debt since the COVID-19 pandemic against a backdrop of turbulent markets.

Market Impact

After finance minister Jeremy Hunt announced his budget plans earlier on Wednesday, the DMO said it would need to sell 241.1 billion pounds ($291 billion) of government bonds in the 2023/24 financial year – the highest on record apart from 485.8 billion pounds sold in 2020/21.



Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Europe
Countries: UK
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Eikon_3.16.23_uk debt agency
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