UK DMO revisits derivatives plans

risk-1107-04-gif

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 individual account here: