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Home Central Banks Foreign exchange Information Financial institution Of England Wades Into UK's Inflation-Linked Bond Market | Forexlive

Foreign exchange Information Financial institution Of England Wades Into UK's Inflation-Linked Bond Market | Forexlive

by Sebastian SEIBT
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Ryan Paisey - WatanNews

Ryan Paisey

Tuesday, 11/10/2022 | 06:46 GMT-0

11/10/2022 | 06:46 GMT-0

As Andy Bruce Reuters reviews: The Financial institution of England acted once more on Tuesday to stem a collapse in Britain’s 2.1 trillion pound ($2.31 trillion) authorities bond market by saying a transfer to buy inflation -linked debt till the tip of this week.

The announcement comes a number of hours earlier than Britain’s Debt Administration Workplace will try to promote 900 million kilos of a linker due in 2051 into the market.

TLDR: Promoting Linkers within the AM, shopping for them in PM – Lord have mercy!

BoE Famous:

“The start of this week has seen an extra vital repricing of UK authorities debt, significantly index-linked gilts,”

“Dysfunction on this market, and the prospect of self-reinforcing ‘fireplace sale’ dynamics pose a fabric danger to UK monetary stability.”

Full Reuters note

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