Despite tax increase rumors, UK inflation-linked bonds attract record-breaking bids without fear of risk

Gold Ten Data November 12th: According to foreign media reports, data shows that inflation-linked bonds issued by the UK attracted record-breaking orders, easing debt sustainability concerns ahead of this month’s budget. Investors subscribed to over 69 billion pounds of bids for 4.25 billion pounds of UK debt syndication on Wednesday. This sale is the last such bond issuance by Chancellor Rishi Sunak before announcing the budget on November 26th. She is under pressure to increase fiscal space, with recent reports suggesting she will raise taxes. UK government bonds recorded their best performance in nearly two years in October, attracting investors including Aberdeen, Fidelity International, and JPMorgan Asset Management, providing her with some breathing room.