Politico reports that German Chancellor Friedrich Merz will visit the UK on 17 July to sign a bilateral Anglo-German treaty alongside UK PM Sir Keir Starmer. The article claims that the "wide-ranging pact promoting cooperation on defence, economic growth and tackling illegal migration" has been in the works for nearly a year, starting under Merz's predecessor, Olaf Scholz. It is also set to "feature a mutual assistance clause specifying [that] a threat to one nation would be regarded as a threat to the other."
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The DMO has announced it will be looking to sell GBP4.25bln of the 4.50% Mar-35 Gilt (ISIN: GB00BT7J0027) at its auction next Wednesday, June 11.