Amadeusz Juskowiak

Supplies of uk indexlinked bond exhausted

The Government brokers supplies of a 400 mln stg issue of two pct Treasury indexlinked stock due 1992 were exhausted in early trading on the UK Government bond market this morning the Bank of England said

The Bank said that the issue was no longer operating as a tap having been supplied at a price of 94 stg pct this morning

The issue was undersubscribed at a tender on February 18 but the Government broker has supplied amounts of the stock on a number of occasions since then The relatively small quantity remaining in the authorities hands was quickly sold out on a small upturn in demand early today