New UK 10-year bond draws record $100 billion in demand
Share:
LONDON (Reuters) - Bond investors tried to buy a record 82.6 billion pounds ($101.70 billion) of a new 10-year British government bond offered to the market for the first time on Tuesday, far outstripping demand at any previous British debt sale.The United Kingdom Debt Management Office (DMO) said it sold 12 billion pounds of the 0.375% October 2030 gilt , part of 225 billion pounds of debt issuance planned between April and July to fund spending to mitigate the impact of COVID-19."If the..