BoE paper explores ‘anatomy’ of gilts crisis

Detailed account of crisis reveals contagion, concentrated risk and role of wider market players

The Bank of England at night
The Bank of England at night

The UK’s gilt market crisis of September and October 2022 was concentrated in a few firms but quickly spilled over to the wider financial sector, a detailed study of the debacle finds.

Three firms accounted for 70% of total gilt sales in the liability-driven investment (LDI) sector during the intense bout of stress, the analysis by Bank of England economist Gabor Pinter finds. In the space of three weeks, the LDI sector dumped £36 billion ($44.5 billion) of gilts during a downward spiral of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.