UK signals expansion of short-term debt market in ‘radical’ borrowing shift
Government considers increasing issuance of Treasury bills as demand for longer-term bonds fades
Government considers increasing issuance of Treasury bills as demand for longer-term bonds fades

Push by Treasury comes as government seeks to cut reliance on long-term debt issuance

Discussions will include American and international insurance watchdogs

Corporates try to take advantage of market rebounds rather than risk further turbulence or US midterm elections

Government debt in UK and Eurozone on course for strongest day since 2023

Bond investors and banks are seeking greater premiums on new financing as a precaution before lending

Big banks forecast £247bn of gilt issuance in coming fiscal year amid chancellor’s drive to rein in borrowing