BoE sticks to bond-buying deadline amid strains on UK non-banks

Bailey restates cut-off date for asset purchases despite spike in margin calls and redemptions

Andrew Bailey
Andrew Bailey
Bank of England

The Bank of England is maintaining its commitment to end its gilt market interventions on October 14, even as it acknowledges signs of growing strain in the wider non-bank sector.

Statements by the BoE re-emphasising the deadline appeared to trigger a further sell-off in gilt markets today (October 12). The 30-year yields on gilts, or UK sovereign bonds, moved above 5% at 11.30am UK time, up from 3.5% a month ago.

The BoE’s financial policy committee (FPC) noted there had been “pressures” in

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