May 5
UK to Introduce 12-Month Treasury Bills to Broaden Debt Market
➤ The UK will introduce 12-month Treasury bills to broaden its debt market and tilt borrowing towards shorter-maturity debt. ➤ This move aims to meet demand for T-bills longer than six months and potentially attract new investors, including stablecoin issuers. ➤ The UK is also establishing a Standing Repo Facility to enhance secondary market liquidity and manage a T-bill collateral pool.