Strong demand for British bond

The sale of one of Britain’s longest dated inflation-linked government bonds yesterday drew strong demand — producing the lowest negative real yield on record for a syndicated offering of gilt linkers.

Strong demand for British bond

The Debt Management Office also said it would increase the amount of money it seeks to raise via syndications for linkers this financial year by £1bn to £10bn (€13.3bn), following strong demand for the 2058 index-linked gilt.

Investors — 86% of whom were British-based — placed orders totalling £10.9bn, enough to push the yield in real terms below zero to a record low -0.8955%.

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