Drop in UK Bond Sales to Limit Political Risk Selloff, Citi Says

A drop in the UK’s planned bond sales may give the debt some support to counter a selloff driven by political risks, according to Citigroup Inc.

The UK Debt Management Office is set to update its gilt sales plan for the current financial year on Thursday and could revise the remit lower by between £4 billion ($4.6 billion) and £11 billion, said Jamie Searle, a strategist at the US bank.