UK under pressure to issue fewer long-dated bonds

Britain is under pressure from bond dealers and investors to sell fewer long-dated government bonds – which briefly slumped in value earlier this year – as it seeks to finance around 300 billion pounds ($375 billion) of public borrowing next year.

The country’s 2.6 trillion pounds of outstanding government bonds – the fourth-highest total in the world after the United States, China and Japan – has an average maturity of