AGL 38.25 Increased By ▲ 0.03 (0.08%)
AIRLINK 134.20 Increased By ▲ 5.23 (4.06%)
BOP 8.72 Increased By ▲ 0.87 (11.08%)
CNERGY 4.72 Increased By ▲ 0.06 (1.29%)
DCL 8.74 Increased By ▲ 0.42 (5.05%)
DFML 39.43 Increased By ▲ 0.49 (1.26%)
DGKC 85.60 Increased By ▲ 3.66 (4.47%)
FCCL 35.25 Increased By ▲ 1.83 (5.48%)
FFBL 75.99 Increased By ▲ 0.28 (0.37%)
FFL 12.85 Increased By ▲ 0.03 (0.23%)
HUBC 110.30 Decreased By ▼ -0.06 (-0.05%)
HUMNL 14.00 Decreased By ▼ -0.01 (-0.07%)
KEL 5.37 Increased By ▲ 0.22 (4.27%)
KOSM 7.78 Increased By ▲ 0.11 (1.43%)
MLCF 41.17 Increased By ▲ 1.37 (3.44%)
NBP 70.11 Decreased By ▼ -2.21 (-3.06%)
OGDC 189.69 Increased By ▲ 1.40 (0.74%)
PAEL 26.24 Increased By ▲ 0.61 (2.38%)
PIBTL 7.38 Increased By ▲ 0.01 (0.14%)
PPL 157.00 Increased By ▲ 4.33 (2.84%)
PRL 25.94 Increased By ▲ 0.55 (2.17%)
PTC 19.10 Increased By ▲ 1.40 (7.91%)
SEARL 82.68 Increased By ▲ 0.26 (0.32%)
TELE 7.85 Increased By ▲ 0.26 (3.43%)
TOMCL 34.12 Increased By ▲ 1.55 (4.76%)
TPLP 8.78 Increased By ▲ 0.36 (4.28%)
TREET 17.13 Increased By ▲ 0.35 (2.09%)
TRG 57.88 Increased By ▲ 1.84 (3.28%)
UNITY 29.00 Increased By ▲ 0.22 (0.76%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 10,704 Increased By 45.7 (0.43%)
BR30 31,871 Increased By 540 (1.72%)
KSE100 99,570 Increased By 300.7 (0.3%)
KSE30 31,005 Decreased By -27.5 (-0.09%)

Britain debt office generated record demand for the sale via syndication of an inflation-linked government bond, showing strong investor appetite despite the Bank of England's first rate hike in a decade. The syndicated 3 billion-pound sale of the index-linked 2048 gilt generated orders worth 23.7 billion pounds, the Debt Management Office said.
"I think this demonstrates the strength of demand for this important asset class," DMO Chief Executive Robert Stheeman said. Yields on 20 and 30-year British government bonds fell to their lowest levels in nearly two months on Tuesday, tracking similar moves in US bond markets.
The DMO said the gilt was sold at a real yield of -1.541 percent, the lowest for any syndicated sale by the agency. The BoE last week raised its benchmark rate to 0.50 percent from an all-time low of 0.25 percent but said it would move only slowly with further hikes, backing the market's pricing of two more 25 basis-point hikes over the next three years.
Consumer price inflation has hit 3 percent, above the BoE's 2 percent target. Although the central bank expects it will peak at 3.2 percent in the data for October, it also sees inflation above 2 percent throughout the next three years. Tuesday's sale was managed by BNP Paribas, Goldman Sachs International, Morgan Stanley and UBS Investment Bank.

Comments

Comments are closed.