UK Government Opens Consultation on Expanding Bills Market (2)

The UK government has opened a consultation on the treasury bill market as it considers whether to further tilt borrowing away from long bonds and toward ultra short-dated debt.

The UK Treasury and Debt Management Office on Monday released a series of questions for market participants on “expanding and deepening” the so-called T-bill market. Other countries including the US are already leaning more on bills to meet financing requirements.

Read more: UK Mulls Expanding Bill Market to Diversify Investor Base

A greater reliance on bills would extend a broader shake-up of UK debt issuance. The DMO cut sales of long-dated ...