(Bloomberg Opinion) — Robert Stheeman has been at the helm of the U.K. Treasury’s Debt Management Office since 2003, overseeing sales of more than 2 trillion pounds ($2.6 trillion) of Gilts, as Britain’s sovereign bonds are known.He’s the government’s agent in the debt marketplace, the link that smooths communication between the finance ministry and its 15 primary “market-makers” (the big banks from Barclays Plc to Morgan Stanley that underwrite Gilt auctions). His job is to keep the U.K.’s costs to a minimum and make the sale process seamless. The skill is in matching the government’s fund-raising needs with investor demand …read more
Source:: Yahoo Finance
