The failure of the UK Debt Management Office (DMO) to sell all its 4.25% 2049 gilts in an auction on March 25, the first time this has happened since 2002, highlighted the parlous situation faced by many governments seeking to revitalise their financial markets. The focus on economic stimulus has seen the UK Treasury push through huge debt issuance packages in recent months, but meeting the supply with adequate demand could prove a tough task.
While government bonds are generally considered a
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