Robert Stheeman
The head of the UK's Debt Management Office, the body responsible for administering the wave of recent government issuance, tells Sarfraz Thind that the recent failed auction doesn't spell a death of demand for gilts
The failure of the UK Debt Management Office to sell all of its 40-year bonds in a gilt auction in late March, 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 pushing through huge debt issuance packages in recent times, but meeting the supply with adequate demand has proven a tough task.
While gilts are considered a safe haven in these
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