Headlines

UK DMO Remit: 2026/27 Gilt issuance of GBP 252.1bln (exp. c. 250bln, prev. 303.7bln)

Newsquawk Staff ·

Breakdown (GBP)

  • T-bill: 5bln (prev. 11bln)
  • Short: 97.3bln
  • Medium: 57.8bln 
  • Long: 8bln (exp. 20bln, FY25/26 was 31.3bln)
  • I/L: 16.5bln 

What it means

The UK DMO's announcement of a 2026/27 gilt issuance of GBP 252.1 billion is slightly above expectations but significantly lower than the previous year's issuance. This suggests a tightening in the supply of gilts, which may exert upward pressure on gilt prices, impacting UK interest rates and potentially influencing broader fixed income and FX markets, particularly in relation to USD rates.

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