UK: Record high amount of Government Bonds are set to be sold
The Debt Management Authority (DMO) of the UK is preparing to sell its largest government bonds ever, worth £241.1 billion ($291 billion), in the fiscal year 2023-2024.
UK Debt Management Authority (DMO) chief executive Robert Stheeman has suggested that the agency will primarily focus on selling short-term bonds with maturities of fewer than seven years. The focus on short-term bonds will help to ease the burden on the brokerage force of the trading companies that are already under duress.
Mr. Stheeman stated that the DMO is looking to reduce the risk period while ensuring that the amount of bonds traded does not affect balance sheets and energy. By doing so, the DMO wants to ensure that the primary trading firms are not overwhelmed by the surplus of bonds to trade.
In addition, the DMO plans to sell £86.7 billion in short-term bonds over the next year, £65.3 billion in medium-term bonds, £50.1 billion in long-term bonds, and £26.2 billion in inflation-adjusted coupons. It is worth noting that medium and long-term bonds include £10 billion of "green" bonds. These bonds are environmental projects aimed to take action against climate change.
The UK is getting ready to sell its largest government bonds ever to offset the losses suffered due to the pandemic. The DMO is looking to ease the pressure on trading firms by focusing on short-term bonds of fewer than seven years. This move will help to protect the balance sheets of trading companies and reduce the risks that come with dealing in government bonds. Moreover, the DMO's pursuit of green bonds shows that the UK is committed to environmental conservation efforts regardless of the economic climate.
UK: Record high amount of Government Bonds are set to be sold
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