Bankers and investment managers have welcomed government proposals to introduce gilts linked to the consumer price index (CPI), downplaying concerns that these instruments could fragment the market.
In July, the UK’s Debt Management Office (DMO) launched a consultation to gauge the attraction of CPI-linked gilts within the market. The consultation closed on September 22.
The consultation itself follows an announcement by the Department for Work and Pensions last July that the CPI should become t
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