Financial institution of England postpones long-dated bond sale

The Financial institution of England has postponed a long-dated bond sale due this month “in mild of latest market volatility” and as a substitute will maintain a short-dated gilt public sale on April 14.

The Financial institution set out the schedule for gross sales in Q2 2025 of gilts held within the APF for financial coverage functions within the 21 March 2025 Market Discover.
In mild of latest market volatility, the Financial institution will amend this
schedule, and public sale quick maturity bonds on 14 April, as a substitute of lengthy
maturity bonds. The Financial institution intends to reschedule the lengthy maturity public sale
to the next quarter, as a way to proceed to scale back the APF as
evenly as potential throughout maturity sectors, measured in preliminary proceeds
phrases. The schedule for Q2 is in any other case unchanged.

UK 30-year yields have jumped this week.

This text was written by Adam Button at www.ubaidahsan.com.



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