BOE's Reduced Long-End Gilt Sales Could Ease Pressure on These Assets
Dow Jones09-17 20:56
1256 GMT - The Bank of England announced a plan to stop selling gilts with maturities over 2049, alongside its decision to keep interest rates unchanged at Thursday's policy meeting. This move could relieve pressure on the long-dated gilt yields, Aberdeen Investments' Matthew Amis says in a note. U.K. 30-year gilt yields rose to 5.960% this week, the highest since 1998, LSEG data showed. Following the BOE decision, the 30-year gilt yields fall more than 10 basis points to hit a three-week low of around 5.731%, from 5.839% beforehand, Tradeweb data show.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments