Reported about 1 month ago
The UK recently achieved over £110 billion in orders during its first new bond sale under the Labour government, a strong indication of ongoing investor interest in government debt post-election. The Debt Management Office announced an £8 billion gilt issue maturing in 2040 at a 4.375% coupon, with demand equaling a previous record. This reflects investor confidence even as the new Chancellor, Rachel Reeves, faces pressure to address a significant budget deficit.
Source: YAHOO