Britain Seen Announcing Biggest Bond Deluge in Nearly a Decade
- Gilt issuance set to rise to highest since 2011-2012: dealers
- Bond rally means investors may end up paying U.K. to borrow
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U.K. bond issuance is set to surge to the highest level in nine years with Prime Minister Boris Johnson’s government expected to unveil a significant increase in budget spending.
Sales of gilts will rise to 166 billion pounds ($218 billion) in the 2020-2021 financial year, according to the median forecast of 13 bond dealers surveyed by Bloomberg.