Following the Bank of England’s announcement that it would abandon its plan to buy emergency crisis bonds as scheduled on Friday, the selling of government bonds in the United Kingdom increased on Wednesday, contributing to the high long-term borrowing prices.
On Wednesday, the Central Bank stated that he made it clear that the temporary and targeted purchases of gold bonds would terminate on October 14.
“He made it absolutely clear by contacting banks at the highest levels that it will finalise its plan this week,” the Bank of England continued.
Financial Times earlier on Wednesday stated that Bank of England officials had briefed lenders who were prepared to prolong the programme until its expiration on Friday in the event that market swings are again seen.
In the UK, the return grew by zero over 30 years.
2 to 5%, as sales increased more often after the Bank of England’s announcement. Bond returns climb with low prices, and long-term returns are now reaching the levels that led the central bank to begin its initial intervention in the gold market on September 28.
England: The central bank confirms the halt of purchases and accelerates the sale of government debt bonds.
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