BoE makes gains on QE assets

Close up of Bank Of England facade with the statue of Duke of Wellington Statue created by Francis Chantrey City of London England

Assets held at the Bank of England's quantitative easing vehicle have increased in value by £9.8 billion ($15.8 billion).

In its Annual Report, published on Thursday, the Bank's Asset Purchase Facility Fund said its balance sheet for the year ending February 28, 2011 stood at £209.7 billion on a mark-to-market basis. This compares to a loan provided by the Bank of £199.9 billion, the fund's principal liability.

The portfolio gain largely owed to debt securities purchased by the fund over the las

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