Gilt market to withstand any outcome to Scottish referendum

LONDON: Britain's government bond market will be able to withstand any volatility surrounding the referendum on Scottish independence, the head of the UK Debt Management Office said on Wednesday.

"I'm pretty confident that whatever the outcome is - and your guess is as good as mine - the market will be able to cope with that," DMO chief executive Robert Stheeman told a Euromoney conference.

He also said British government debt prices have not suffered as investors chase yield, and that their fall instead reflected a change in the macroeconomic environment.