According to many market commentators, the UK debt market is looking sick and is at a critical juncture. It is amongst the most unloved government markets in the developed world, which is understandable given the British inability to save in…
Tag Archives: gilts
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Gilt supply update: back to a world of issuance exceeding buybacks
- Topics
- gilts, quantitative easing
Posted December 15th, 2009
In last week’s Pre-Budget report, UK Chancellor Alistair Darling announced that gilt issuance for the current financial year would total £225.1bn – a shocking and record figure, although not far off the £220bn that was originally planned in this year’s…
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This is a question that numerous clients and members of the press have asked us so I thought it would be worth writing a brief comment here. Focusing on the UK, in yesterday’s budget, chancellor Alistair Darling said that gross…
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Rapid changes in life expectancy will continue to drive the bond market
- Topics
- pension funds, research
Posted December 5th, 2006
Life expectancy isn’t just increasing, the rate of change is actually accelerating, thanks to rapid medical advancements. Great news for humankind, great news for owners of long dated bonds, but a nightmare for pension funds. Recent research from Paternoster,…










