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Page last updated at 06:29 GMT, Tuesday, 21 July 2009 07:29 UK

Government bond auction underway

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The latest auction of government bonds is to take place - the first since the Bank of England indicated it would stop buying bonds under its programme of quantitative easing. Business editor Robert Peston interviews Robert Stheeman, chief executive of the UK Debt Management Office, about the effect of quantitative easing on the sale.

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