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U.K. Bond Sales Seen at Almost Double Financial Crisis Peak

  • Primary dealers see 450b pounds of gilt sales this fiscal year
  • Bank of England stimulus to help keep borrowing costs low
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The U.K. will sell nearly twice as many bonds than it did during the height of the financial crisis, according to estimates of primary dealers.

Gilt issuance for the fiscal year that began in April is set to climb to about 450 billion pounds ($567 billion), with the Debt Management Office’s funding needs for September to November totaling 115 billion pounds, data from seven banks show.