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Thursday, April 10, 2025

Bank of England postpones long-dated gilt auction due to market turmoil

 The Bank of England said on Thursday that it was postponing an auction of 600 million pounds ($774.24 million) of long-dated government bonds due on April 14 as a result of recent financial market turmoil.

The BoE said the sale - part of the BoE's efforts to reduce the huge stockpile of bonds it built up under QE - would be delayed until the following quarter and that it would hold an auction of short-dated government bonds on April 14 instead.

https://uk.finance.yahoo.com/news/bank-england-postpones-long-dated-130010477.html

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