Drop in UK Bond Sales to Limit Political Risk Selloff, Citi Says

Citigroup Inc. suggests that a reduction in the UK’s planned bond sales could offer support to the debt market, counteracting potential selloffs stemming from political uncertainties. The UK Debt Management Office is expected to update its gilt sales plan, with a possible reduction of £4 billion to £11 billion, which strategist Jamie Searle believes could bring relief to long-end gilts despite renewed Middle East tensions and leadership concerns surrounding Prime Minister Keir Starmer.

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