Gilts Investors Brate for nearly 310 billion. Pounds of sales

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Along with the spring statement on the state finances on March 26, the UK debt management management will announce the appointment for the next financial year.

Urban investment banks expect the Treasury to increase its so -called pure funding requirements for the year before March 2026 to 308 billion pounds, an average of 10 estimates collected by Financial Times. This exceeded the upgraded figure of 300 billion pounds for 2024-25 New maximum Outside 2020-21 years, the payment of COVID-19.

Craig inches, head of tariffs and cash in Royal London London Management, said the market could absorb the estimated amount without incidents as long as it “was accompanied by a significant reduction in costs and a reasonable approach to the budget.”

But “any signs that the chancellor is ready to quench the wind.

Increasing the global use of bonds from the October budget-like bond sales in conjunction with the concern over the state finance of the UK, 10-year expenses for the UK borrowing up to 16-year high in January by 4.93 percent.

Since then, they have decreased to 4.63 percent, but economists have warned that the total increase in interest over the past year reduced the majority of the reserve of the shizo against its independently imposed financial rules.

Some investment firms predict £ 10 billion in costs when the shija seeks to put public finances on the sound base.

The production is higher than the consensus, or worse than expected, the picture of state finances can resolve the market. Investors will also pay close attention to the broad form of release, laid out by DMO, in terms of how much it intends to issue in different buckets such as short -term ordinary gilding and the long -term index associated with the index.

At the meeting in January between officials and market manufacturers with gilded, the main dealers pushed to further reduce the share of long -term debt sales.

Barclays Moyeen Islam strategists have said DMO should radically speed up the tendency to issue more short -term debt, believing that such a step can help stabilize volatile long -term yields and reduce interest costs.

“If you can manage the bill on loans, as well as with all other costs … This plays a role in fulfilling your financial rules,” he added.

The Treasury spokesman said “the chancellor made it clear that the financial rules are not subject to discussion.”