Ultra long-dated UK gilts could provide data to value long-term liabilities
Sovereign debt managers criticise ban on naked credit default swaps
Ban could harm government debt markets, according to UK DMO – dealers say any prohibition would backfire
Leading provider of longevity derisking calls for governments to enter the market
Risk awards 2011
Pension pricing peril
Using CPI instead of RPI was intended to save money - but could end up costing UK pension funds billions
With inflation continuing to trend higher than the Bank of England’s target rate, index-linked gilts are growing increasingly attractive to investors.
Issuance of sovereign inflation-linked bonds is expected to reach record highs this year as governments struggle with vast fiscal deficits. With investors shaken by the crisis in Greece, however, some issuers may have to draw on the lessons of the crisis...
Sovereign credit default swaps have become magnets for controversy amid worries about the condition of government finances. Does the market really reflect the probability of default and has too much attention been paid to it?
The Bank of England (BoE) will expand its asset purchase facility, or ‘quantitative easing’, by £50 billion to £175 billion, it said today.
Governments across the globe face huge increases in borrowing requirements, sparking concern over possible rating downgrades, while many have seen their credit default swap spreads widen dramatically. Despite this, sovereign debt management offices claim...
The United Kingdom yesterday priced the first issuance of a 50-year inflation-linked bond. The 1 1/4% gilt of 2055 is the longest-dated sovereign index-linked bond in the world.
The UK government's Debt Management Office (DMO) will syndicate an issue of 50-year index-linked bonds later this month - the first of its kind in the world.
The UK Treasury says it will not issue long-dated interest rate call options, defying a specific recommendation of the Miles Review, a report on the mortgage market published just prior to the 2004 budget.