UK Retail Traders Get to Buy Gilts at Same Price as Banks (1)

UK retail investors will be able to buy gilts at the same price as primary dealers, the latest step aimed at broadening access to government bond markets in Europe.

Trading platforms Hargreaves Lansdown and Interactive Investor will allow clients to indirectly participate in new gilt sales from the Debt Management Office by taking bids, buying the securities from primary bond dealers and re-selling them to retail investors at the auction price.

This private-sector initiative comes as governments across the region tap burgeoning demand from retail investors to diversify their funding base in light of higher financing costs, large spending plans ...