Is the gilts market reaching breaking point?

Stephanie Baxter
clock • 5 min read

Structural imbalances in the gilts market have worsened since the central bank's QE programme faced major setbacks. Supply is squeezed and prices are distorted, pushing down yields yet again. Stephanie Baxter asks if we should be worried.

At a glance Yields fell to record levels after BoE's failure to find enough sellers of long-dated gilts Getting to the point where market is tied up and eventually nothing is left to buy...

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