Demand for government debt shows UK still a haven for investors
by Phillip Inman and Graeme Wearden from on (#6QG3H)
UK bonds 10 times oversubscribed in auction considered first big test of Labour's reputation with foreign investors
The UK remains among the world's most attractive destinations for investors seeking a haven after an auction of government bonds was more than 10 times oversubscribed.
Matching a previous record set in June and illustrating the stability of the government's finances, Britain attracted 110bn of bids on bonds worth 8bn.
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