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.”
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