STERLING

摘要

UK DMO RIDES HIGH IN REMARKABLE WEEK Just fresh from a record-breaking 10-year syndication, the uk debt management office was back in the market last week, switching back to its usual ultra-long maturities, raising a massively oversubscribed new October 2061 Gilt at no premium, a day before it brought its first negative-yield auction. "Crisis, what crisis? Bonds are flying off the shelves," said one lead manager. "The market has demonstrated again its capacity to absorb smoothly the launch of a new Gilt in large size and in this case with significant associated market risk, in the middle of a very busy issuance calendar," said Sir Robert Stheeman, DMO chief executive.