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Top related persons:
Heiko Becker - 1 Thomas Weinberg - 1 Weinberg - 1 Robert Stheeman - 1 Mercedes Abascal Rojo - 1 Spain's Abascal - 1 Dhara - 1 Barbara Lewis - 1
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Frankfurt Germany Ukraine Europe's Brussels Central Spain
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European Central Bank - 1 REUTERS - 1 Bank of England - 1 Association for Financial Markets - 1 Spanish Treasury - 1 Thomson - 1

Search resuls for: "Robert Stheeman"


3 mentions found


☆ Hedge funds help fill bond-buying void left by central banks
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: +2 min
Weinberg said hedge funds accounted for roughly 40% of turnover in German securities. Other debt agency officials said regulation following the global financial crisis had prompted banks to be more cautious about investing in bonds, which also left hedge funds with greater scope to buy into fixed income markets. UK debt management office head Robert Stheeman said hedge funds had moved into the space left by banks in ensuring liquidity - in other words, the ease of buying and selling an asset. Mercedes Abascal Rojo, head of funding and debt management at the Spanish Treasury, urged the need for caution, however. So far, market functioning has generally been smooth, the debt agency heads said.
Persons: Heiko Becker, Thomas Weinberg, Weinberg, Robert Stheeman, Mercedes Abascal Rojo, Spain's Abascal, Dhara, Barbara Lewis Organizations: European Central Bank, REUTERS, Bank of England, Association for Financial Markets, Spanish Treasury, Thomson Locations: Frankfurt, Germany, Ukraine, Europe's, Brussels, Central, Spain
☆ UK draws record 46.4 billion pounds of demand for new inflation-linked bond
  + stars: | 2023-04-26 | by ( David Milliken | ) www.reuters.com   time to read: +2 min
LONDON, April 26 (Reuters) - Britain received a record 46.4 billion pounds ($57.9 billion) in demand from investors at the launch of a new inflation-linked government bond which will mature in March 2045, the United Kingdom Debt Management Office said on Wednesday. However the strong demand came at a price, with the 4.5 billion pounds of new gilts paying investors a return of 0.6543% on top of retail price inflation - the greatest real yield for any index-linked gilt sold via syndication since May 2011. The DMO said domestic investors accounted for 93% of the allocations of the bond. The volume of orders is the highest for any index-linked bond issued via syndication by the DMO, although a conventional gilt syndication of green gilts in 2021 had order volumes in excess of 100 billion pounds. The DMO has sold 21.9 billion pounds of gilts out of a target of 237.8 billion pounds for the financial year which started in April.
☆ Exclusive: UK debt agency treads careful path to sell near-record volume of bonds
  + stars: | 2023-03-15 | by ( David Milliken | ) www.reuters.com   time to read: +4 min
After finance minister Jeremy Hunt announced his budget plans earlier on Wednesday, the DMO said it would need to sell 241.1 billion pounds ($291 billion) of government bonds in the 2023/24 financial year - the highest on record apart from 485.8 billion pounds sold in 2020/21. The Bank of England is no longer a buyer in the market, and instead is reducing its own gilt holdings by 80 billion pounds a year. "We can issue larger cash amounts in, for instance, a short-dated auction than in a long- or index-linked auction," Stheeman said. Over the coming year, the DMO aims to sell 86.7 billion pounds of short-dated bonds, 65.3 billion pounds of medium-dated, 50.1 billion pounds of long-dated gilts and 26.2 billion pounds of inflation-linked debt. The medium- and long-dated debt includes 10 billion pounds of 'green' bonds - a volume that is capped by the requirement for the government to designate investment projects which meet certain environmental criteria.
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