BOE's Decision to Sell Gilts to DMO Could Reduce Pressure on Long-Dated Gilts — Market Talk
The Bank of England announced a plan to sell gilts maturing between 2035 and 2049 directly to the Debt Management Office, rather than to investors. This could allow the DMO to transform the gilts' maturities to shorter-dated gilts, reducing supply of long-dated gilts, Berenberg's Andrew Wishart say…