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Highlights of Annual GEMM / investor consultation meetings

GILTS
  • Both GEMMs and investors supported proportional reductions in long conventional issuance with increases in shorts/mediums.
  • Both GEMMs and investors also supported less linker issuance - with GEMMs preferring a focus towards 10/20-year maturities rather than longer-dated issued.
  • Both GEMMs and investors supported building out the green gilt curve with 5 and/or 20-year maturities. GEMMs supported around GBP10bln of green issuance.
  • "A number of GEMMs" suggested T-bills should "make a positive contribution to financing in 2024-25." While "investors who offered an opinion generally supported" this too.
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  • Both GEMMs and investors supported proportional reductions in long conventional issuance with increases in shorts/mediums.
  • Both GEMMs and investors also supported less linker issuance - with GEMMs preferring a focus towards 10/20-year maturities rather than longer-dated issued.
  • Both GEMMs and investors supported building out the green gilt curve with 5 and/or 20-year maturities. GEMMs supported around GBP10bln of green issuance.
  • "A number of GEMMs" suggested T-bills should "make a positive contribution to financing in 2024-25." While "investors who offered an opinion generally supported" this too.