We are analysing issuance trends of UK borrower Commercial Paper and Certificates of Deposit year to date until the 31st of January, 2024. According to the CMDportal Datasheet, the volume of CP/CD (excluding Sterling CD and SSA issuances) issued by UK residents increased by GBP9.7bn or 37% to GBP35.9bn. This increase ends a downward trend in UK resident CP/CD issuance since October. What is the composition of the FIG - Bank Sterling Money Market? Why are Banks issuing less?