The UK's Debt Management Office is likely to issue a 50-year bond in the third quarter that would be the longest inflation-linked deal by a government after canvassing the opinion of its market-making banks, including Barclays Capital, Merrill Lynch and Citigroup. The UK, which launched a debut £2.5bn (€3.8bn) 50-year bond in May, is considering increasing that deal as well as launching the new inflation-linked one.

Telstra deal proves attractive