Open Demo Account
Home / Market Update / Forex Market / BoE sells GBP 1.4 bln of long-dated and index-linked bonds

BoE sells GBP 1.4 bln of long-dated and index-linked bonds

Mohamed Abdelhamid 3 December, 2022 12:22 am Forex Market, Market Update

The Bank of England sold GBP 1.412 billion of long-dated and index-linked gilts on Friday, taking to 3.65 billion pounds the total volume of gilts it has sold since starting to unwind earlier emergency purchases on Tuesday.

Friday’s sale was the third this week, as the BoE looks forward to unwinding the GBP 19.3 billion of purchases it made between September 28 and October 14, when it stepped in to stabilize the bond market after prices slumped following September’s mini-budget.

The BoE accepted the full amount of bids submitted by investors during Friday’s purchase window.

Tags

Check Also

Markets Absorb Japan’s Election Shock as Focus Shifts to Key U.S. Data

Global markets opened the week digesting a major political shock from Japan while cautiously repositioning …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends