Investors Could Demand Bigger Premium For Buying Long-Dated Gilts -- Market Talk

Dow Jones12-22 22:48

1447 GMT - Investors could demand a higher premium for buying long-dated U.K. government bonds--or gilts--due to weak demand, fiscal concerns and political risks ahead of the May local elections, Morgan Stanley's Fabio Bassanin says in a note. The Debt Management Office's decision to significantly reduce long-dated gilt issuance this year "reflects a lack of structural demand for long-maturity gilts," says Bassanin, a U.K. rates and inflation strategist. Despite lower supply, investors could still seek greater compensation for fiscal and political risks, he says. The 30-year gilt yield rises 0.1% to 5.260%, Tradeweb data show. It hit 5.749% in early September, its highest since the late 1990s, amid fiscal sustainability concerns. (jessica.fleetham@wsj.com)

(END) Dow Jones Newswires

December 22, 2025 09:48 ET (14:48 GMT)

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The Debt Management Office's decision to significantly reduce long-dated gilt issuance this year \"reflects a lack of structural demand for long-maturity gilts,\" says Bassanin, a U.K. rates and inflation strategist. Despite lower supply, investors could still seek greater compensation for fiscal and political risks, he says. The 30-year gilt yield rises 0.1% to 5.260%, Tradeweb data show. It hit 5.749% in early September, its highest since the late 1990s, amid fiscal sustainability concerns. 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