Gilt prices soar as government brings in 'unprecedented' sales reduction

Sales fell after Autumn Budget

clock • 3 min read
The UK Budget saw remaining gilt sales for 2021-2022 fall by £57.84bn
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The UK Budget saw remaining gilt sales for 2021-2022 fall by £57.84bn

The UK Debt Management Office has cancelled more than half of the remaining gilt auctions for this fiscal year – an “unprecedented” reduction.

The country's budget, published on 27 October, saw remaining gilt sales for 2021-2022 fall by £57.84bn to £194.8bn. As of the end of the first quarter, the total market size of UK gilts stood at just...

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