UK secures record orders for bonds as inflation drops to 4.6pc......16 Nov 2023 13:38
Investors acquired a record £93bn of UK government bonds during a sale today, it has been reported, as investors bet that interest rates have peaked.
The sale of 20-year gilts fetched the largest ever level of orders for UK sovereign bonds, excluding the first ever sale of “green bonds” back in 2021, according to Bloomberg News.
The sale of the bonds, which mature in 2043, was conducted by Barclays, HSBC, Lloyds, Morgan Stanley and UBS.
The race to snap up bonds comes as investors bet that interest rates will begin to fall next year amid falling inflation.......