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Britain issues costliest 5-year debt since 2008 before budget

Economic Times ·First reported
Economic TimesBritain issues costliest 5-year debt since 2008 before budget
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Britain conducted a sale of £4.5 billion worth of 5-year debt at a yield of 5.036%. This yield reflects the highest rate seen since the year 2008, indicating market pressures on the government. Investors showed robust interest, bidding 3.51 times the…

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