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."
 
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