The UK Government's Debt Management Office is going ahead with its imminent planned sale of long-dated gilt edged stock despite City speculation that the Treasury might follow the US decision to scrap sales of 30-year bonds.

Mike Williams, chief executive of the DMO, said that the US decision has made no difference, at least for now, to the UK Treasury's attitude to sales of long dated stock. On November 28, the DMO is set to sell a 5% long gilt dated 2025.