Government Issues Debt at Post-Crisis High on Eve of Budget
6 Articles
6 Articles
Government issues debt at post-crisis high on eve of Budget
The Debt Management Office has been forced to sell nearly £5bn of five-year gilts at their highest interest rate since 2008, underscoring the fiscal challenge facing John Healey on the eve of his maiden Budget. The body responsible for selling the UK’s debt said it had issued £4.5bn of bonds maturing in 2032 at a [...]
Britain issues costliest 5-year debt since 2008 before budget
Britain conducted a sale of £4.5 billion worth of 5-year debt at a yield of 5.036%. This yield reflects the highest rate seen since the year 2008, indicating market pressures on the government. Investors showed robust interest, bidding 3.51 times the amount available during the gilt auction. Experts anticipate only a modest rise in debt issuance as projected figures indicate increased financing requirements.
The UK sold 4.5 billion pounds worth of five-year government bonds on Tuesday at an average yield of 5.036 percent, the highest since 2008 and the global financial crisis. This means that the state must accept a significantly higher cost for new borrowing than in previous years....
Britain sold £4.5 billion ($6.0 billion) of 5-year bonds on Tuesday at an average yield of 5.036%, the highest level since 2008. This reflects the pressure Chancellor John Healey is facing in the bond market ahead of his first annual budget presentation on Wednesday. The UK Debt Management Office stated that investors submitted bids... [The article "Britain issues 5-year bonds at highest yield since 2008" was published in Al-Borsa newspaper.]
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