UK Holds Off on Big Cut to Planned Debt Sales, Weighing on Gilts.

The UK has decided to keep its bond issuance plans relatively unchanged for the current fiscal year, which has surprised the market. The Debt Management Office announced that it will issue £237.3 billion of government bonds, similar to the plan announced in April, rather than the lower amount that was expected. The UK also reduced the amount of bills it plans to issue, causing concern about inflation. The decision was influenced by better-than-expected tax receipts and the government's aim to boost the economy through tax cuts. [Extracted from the article]

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