Rolling coverage of the latest economic and financial newsUK shop price inflation ‘highest since 2024’ as retailers struggle to limit price risesThe 6% drop in HSBC’s share price this morning has made rather a dent in th
Britain has successfully sold more government debt this morning, but at the highest price since the financial crisis almost two decades ago. The Debt Management Office sold £4.5bn of 5-year debt at an average yield of 5.036%, the highest since 2008, reports. There was plenty of interest in the gilts – perhaps not surprising, given the lucrative yields the DMO was prepared to pay.
Investors bid for 3.51 times as much debt as was available, allowing the DMO to pick the best offers (ie, the investors offering to accept lower yields).
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