Business

Bank of England Sells £750 Million of Bonds in First QT Auction

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The experiment comes at a delicate moment for the Treasury and BOE. Once the BOE’s planned sales are added to the government’s financing needs, investors will have to absorb the largest supply of UK bonds in history, according to the nation’s debt chief. Only weeks ago the central bank was buying bonds under its financial-stability mandate, with those securities held in a separate portfolio from its main gilt fund. 



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