UK reduces long-term bond issuance, boosting its performance

The UK Debt Management Office (DMO) has announced a reduction in the issuance scale of long-term UK government bonds for the 2026–2027 fiscal year, leading to a rise in relevant bond prices and a drop in yields. The DMO stated that the planned issuance of long-term conventional UK government bonds for the 2026–2027 fiscal year will decrease from £22.4 billion announced in April this year to £15.5 billion. The scale of long-term conventional government bonds issued through syndication will also be reduced by £2.5 billion, down to £12.5 billion.