Sterling wholesale markets: developments in 2000

• Sterling wholesale markets grew by 5% in 2000, less quickly than in 1999.
• The money, corporate bond and swap markets continued to expand, whereas the amount of gilt-edged stock outstanding was broadly unchanged.
• Liquidity in sterling markets stabilised during the year; in some markets turnover and liquidity increased.
• Government cash management transferred to the UK Debt Management Office; the Bank of England’s open market operations continued as before.

Sterling wholesale markets: developments in 2000