Economics
Bond Dealers Tell U.K. Debt Office Their Job Is More Onerous
- GEMMS, investors raised concerns at consultion with DMO
- Debt office saw lowest auction demand since 2009 this month
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Tighter regulations are making it increasingly difficult to sell U.K. government bonds. That’s the message from gilt market makers and investors.
The environment is becoming more challenging as new rules increase costs and make banks less willing to risk their own capital, according to the minutes of a meeting between market makers, investors and officials of the Debt Management Office and Treasury.