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Gilts

Volume 716: debated on Wednesday 6 January 2010

Question

Asked by

To ask Her Majesty's Government what steps they will take to prevent other European Union member states' government bond yields and prices affecting the sale of United Kingdom gilts. [HL920]

The majority of demand for United Kingdom gilts is from domestic sources such as pension funds and insurance companies, and this demand is likely to be sustained over the medium term. The UK also benefits from being the only regular issuer of sovereign sterling debt instruments.