BOE will buy bonds with +20-year maturity starting today

  • Details of the emergency QE program
  • +20 bonds
  • Up to GBP5 billion per action initially
  • Parameters under review (sizes could be changed)
  • First auction today between 1400-1430 GMT (3:30 pm in London, 1030 am in NY)

UK yields have fallen since the details were announced a few minutes ago and GBP has strengthened.

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