November 21, 2023 10:11 GMT
UK Issuance Deep Dive: Autumn Statement Preview and FQ4 Outlook
We outline the main measures under consideration, expectations for revisions to the gilt remit, the wider political implications and outline our expectations for which gilts will be on offer in FQ4 .
- In this note we outline the main measures that are expected to be under consideration for the Autumn Statement, expectations for revisions to the gilt remit, the wider political implications and outline our expectations for which gilts will be on offer in FQ4 (January to March).
- The median expectation of the 10 sell-side summaries that we have compiled looks for gilt issuance in 2023/24 to be cut from GBP237.8bln to GBP220.0bln. We look at the implications for the maturity breakdown and bills.
- We also include updated tables including all gilts in issue, how much is owned by the BOE, an auction calendar and data on BOE gilt sales.
For the full document see the PDF here:
MNI_UK_DeepDive_Autumn_Statement_2023.pdf
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