BoE shifts focus to non-banks in sovereign bond markets
Aggregated data on leverage and positioning reveals growing gilt repo borrowing by hedge funds
The Bank of England has begun publishing more information about how non-banks have been trading in sovereign bond markets, in an effort to provide a more comprehensive picture for market participants.
In the record of its latest meeting, published today (July 9), the bank’s financial policy committee (FPC) noted that non-banks had become more important to core bond markets and that their trading strategies could evolve over time.
The FPC said it would be publishing “aggregated information on
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