BOE lays out demand-led approach to unwinding recent gilt purchases

  • BOE sets out plans for a demand-led approach

The BOE is laying out a plan for how it will back out of the last round of emergency bond buying following the UK budget disaster. The plan calls for making the bonds available to buyers starting November 29 but not at fixed prices.

Given that UK 10s are down to 3.287% today with the help of US CPI data, the Bank of England stands to make a tidy profit.

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