Still healthy demand for UK Government bonds - Treasury
Thursday 28th January 2010
Treasury minister Stephen Timms said there was still a healthy demand for Government bonds, despite Britain's record deficit.
He spoke out after Bill Gross, managing director at Pimco, the world's biggest bond house, said UK gilts were "resting on a bed of nitroglycerine" as a result of the nation's high debt levels and advised against buying them, the Daily Telegraph reports.
"We have continued to see a good level of demand for gilts," Timms said. "I only point to the fact that our auctions have been well covered and I am confident that we will continue to meet our needs."
Click here to read full report in the Telegraph
Have your say on this story using the comment section below
blog comments powered by Disqus
(0) Comments | Report Abuse
Editorial Contact Details - Conor Shilling