UK - Today's auction of inflation-linked British bonds garnered the lowest demand since October 2008 as analysts said the government's planned changes to pension indexing created uncertainty for fund managers.
The Debt Management Office sold £1.2bn (US$1.8bn) of 1.875% inflation-protected bonds maturing in 2022 at a yield of 0.947%, up from the rate of 0.765% at a similar sale on May 13. Investors bid fo...
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