UK gilt sell-off faster than 2009 on election fears

Anna Fedorova
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Foreigner investors have been selling UK gilts at a faster rate than at the peak of the financial crisis in 2009, ahead of the general election.

According to data from the Debt Management Office, non-residents sold £14bn worth of gilts during January and February, a higher amount than in early 2009. The bid-to-cover ratio at gilt auctions has...

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