Wednesday, September 28, 2022

No one is buying their bonds!!-----Bank of England delays bond sales, launches temporary purchase program

Bank of England delays bond sales, launches temporary purchase program
"LONDON — The Bank of England will suspend the planned start of its gilt selling next week and begin temporarily buying long-dated bonds in order to calm the market chaos unleashed by the new government’s so-called “mini-budget.”
U.K. gilt yields were on course for their sharpest monthly rise since at least 1957 as investors fled British fixed income markets following the new fiscal policy announcements..."

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