Bank of England May Halt Long-Dated Gilt Sales as Yields Hit Multi-Decade Highs

TREE NEWS reports: The Bank of England may soon stop selling the long-dated government bonds it bought during the financial crisis and the COVID-19 pandemic, as long-dated gilt yields climb to multi-decade highs. Officials at the BoE, the Treasury and the Debt Management Office have drafted plans, though the final decision rests with the central bank. Market participants expect the BoE to slow its balance-sheet reduction to £50 billion a year over the 12 months starting in October, keeping active sales at about £20 billion.