The Bank of England’s bond-buying program is still due to end on Friday, a central bank spokesman said in an email. Bailey said in an interview that the deadline set for Thursday is still in effect.
He declined to comment on a report by the Financial Times (FT) that said the central bank had suggested to bankers that it might be extended.According to the newspaper, the dialogue between the central bank and the banks wascommentsaid to have been done before.
Bank of England suggests to bank officials that bond purchases may be extended – report
British bonds fell following confirming the end of bond purchases on the 14th. The pound has lost its gains.
The 30-year bond yield temporarily rose 12 basis points (bp, 1bp = 0.01%) to 4.92%. The FT report had raised hopes that bond purchases would be extended.
“Governor Bailey’s words sound harsh, but from the central bank’s perspective they are necessary,” said Pooja Kumla, rate strategist at Toronto-Dominion Bank. “The central bank has responded well to the market. If the chaos continues, there will be no escape from it.”
Original title:UK Bonds Fall as BOE Confirms to Stop Buying Gilts This Week、UK Bonds Fall as BOE Confirms to Stop Buying Gilts This Week（抜粋）
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