By Burhan Khadbai
08 Jan 2021
The UK Debt Management Office has chosen the banks to lead the sale of a new 25 year conventional Gilt via syndication, following support for this maturity by Gilt-edged Market Makers (GEMMs) and investors in a consultation at the end of November.
By Lewis McLellan
22 Dec 2020
The UK Debt Management Office has responded to a letter from the chair of Parliament’s Treasury Select Committee Mel Stride, questioning whether the DMO’s syndications were priced to obtain the best value possible for the taxpayer. Stride’s original letter questioned the DMO’s record of always pricing at the tight end of guidance, suggesting that this was an indication that guidance was not set “keenly enough”. DMO chief Sir Robert Stheeman responded that finishing at the tight end of guidance “with a stable aftermarket… is
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EU Bonds Changing View On Government Debt But Treasuries To Still Rule In 2021 investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
By Lewis McLellan
17 Dec 2020
Aside from the tragedy of lives lost, the impact of the pandemic on jobs, production and tax receipts has been cataclysmic. Step forward the sovereign debt markets, ably supported by central banks’ quantitative easing programmes, which have enabled governments to shoulder the heavy load. Lewis McLellan reports.
I can’t really compare it to anything in my entire career,” Sir Robert Stheeman, chief executive of the UK Debt Management Office, told GlobalCapital in June. “If you had told me at the end of February that we would find ourselves in this situation physically, literally, remotely, today but also, I suppose, fiscally, financially and with a borrowing requirement that looks very different from what we were envisaging ahead of the March Budget I would have said maybe it’s time to sit down and relax and let the moment pass.”