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rantnrave

Investors 'could Be More Reticent' On Uk Debt

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Nothing not known to HPC regulars. Good to see some MSM coverage though.

More at the link.

The UK could find it harder to convince investors to buy its debt in the years ahead, the head of the office that issues the government's bonds has said.

The next couple of years could potentially be a "little more challenging" because of rising interest rates, Robert Stheeman told the BBC.

Investors may be more "reticent" to buy British debt, he suggested.

The UK's net public debt stands at £1.21 trillion, which is equivalent to 75.9% of the entire economy.

Mr Stheeman, who is chief executive of the Debt Management Office, told the BBC: "It's not so much the rate that we issue, it's more the direction and the movement of rates.

"So if you think as an investor, if you're buying debt from us ultimately and you know rates are declining, you also know that the value of your investment is rising.

"If however, you're buying debt and you think rates will rise even further in the next weeks or months afterwards, you might be a little bit less eager to put your money on the table and purchase our debt. So I think the investor base might at times be a little more reticent than perhaps it has," he said.

"However, I do believe that the market and the efficiency of the market will help us in that task."

UK debt 'may become harder to sell'

Apols if already posted elsewhere

Edited by rantnrave

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"However, I do believe that the market and the efficiency of the market will help us in that task."

There's a market for something that can produced in limitless amounts at zero cost?

Suckers!

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