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New UK issuance Deep Dive

GILTS
  • Today we have launched our new monthly gilt publication, the UK Issuance Deep Dive. We discuss recent supply events and the outlook for issuance in the medium-term.
  • This complements our existing Gilt Week Ahead and the monthly Eurozone Issuance Deep Dive that we sent out yesterday.
  • We note that net issuance (taking into account BoE purchases) will remain around zero until the BoE slows its QE purchases. When purchases stop completely, net supply will increase dramatically (in 2022).


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