View more on these topics

BoE call sparks gilts sell off

Gilts yields skyrocketed yesterday after the Bank of England announced it was considering putting its quantitative easing plan on hold.

Speaking to Bloomberg 20 minutes after a £5bn bond deal was finalised, an external member of the Bank’s interest rate setting monetary policy committee Andrew Sentence said the next meeting would focus on “whether we are now going to move into a phase where we’re watching and observing what is happening in the economy.”

His comments raised expectations of a pause in the cash injections into the market, which is already in excess of £100bn, through the purchase of government bonds.

The announcement saw benchmark 10-year gilt yields jump from 0.12 to 3.96 per cent.



News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm