Dutch Tilt Bond Sales Toward Shorter Debt Amid Pension Shift
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Saskia van Dun, head of the Dutch State Treasury Agency in The Hague, NetherlandsThe Dutch government is tilting its borrowing toward shorter-term bonds in response to shifts in market demand and the expectation that an overhaul of the nation’s €1.7 trillion ($2 trillion) pension industry will further weaken buying of long-term securities.The Netherlands reduced the target for the average maturity of its debt to a minimum of seven-and-a-half years, down from eight previously. That’s a “slight but clear structural shift” from the increases in maturities seen over the past decade, the nation’s treasury agency (DSTA) says.