UK introduces 12-month Treasury bills at weekly auctions

9 articles · Updated · Bloomberg · May 5

Britain's finance ministry and Debt Management Office announced the move on Tuesday after consulting market participants earlier this year.
The new bills are aimed at investors seeking maturities longer than six months and will be launched at the end of the current financial year.
The step forms part of the government's strategy to broaden the debt market and shift more borrowing toward shorter-maturity debt.

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