The cost of UK government borrowing rose again on Wednesday as the Bank of England (BoE) confirms it will stop buying gilts on Friday as previously announced. The 20-year gilt yield—the return investors get from UK government bonds—rose above 5 percent for the first time since Sept. 28, and the 30-year gilt yield also passed…
UK Borrowing Costs Rise as Bank of England’s Bond-Buying Programme Nears End
Bank of England Explands Bond-Buying Program to Include Inflation-Linked Bonds
The Bank of England (BoE) on Tuesday ramped up its intervention in the gilt market by including index-linked gilts in its emergency purchasing programme, citing market dysfunction which it says poses a “material risk” to the UK’s financial stability. Deputy Prime Minister Therese Coffey said she’s “absolutely confident” pensions are safe despite the central bank’s warning,…
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