UK DMO revisits derivatives plans


The UK Debt Management Office (DMO) is re-examining a three-year-old plan to write long-dated interest rate options as a way of helping the residential mortgage market. Specifically, the government says it is keen to bolster the offering of long-term fixed-rate mortgages to provide investors with certainty over loan repayments. Currently, most UK mortgages are floating rate, with an initial fixed-rate period.

In 2004, David Miles, Morgan Stanley's chief UK economist and a professor at Imperia

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: