UK 30-Year Bond Sale Receives Fewest Orders Since 2022

A UK government offering of 30-year debt saw the lowest total orders since 2022, highlighting waning demand for long-term gilts.

Bids worth £4.6 billion ($6.2 billion) were placed for the Debt Management Office’s offering of £1.5 billion of gilts due in 2056. While that meant the sale was still more than three times oversubscribed, the auction size was unusually small, with the lowest amount on sale in three years.