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

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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