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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.

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