Britain Sells Costliest 5-Year Debt Since 2008
Britain sold £4.5 billion of 5-year debt at a 5.036% yield, the highest since 2008, reflecting market pressure on the government. Investors showed strong demand, bidding 3.51 times the available amount during the gilt auction. Experts expect only a modest increase in debt issuance despite projected higher financing needs.
ET Markets·

