BoE baulks at QE gilt buybacks as traders drive up prices

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The Bank of England has refused to buy a tranche of bonds under its quantitative easing buyback programme after traders drove up prices yesterday.

The Bank rejected all bids against the bonds it had been planning to buy as part of its QE programme as dealers drove the price of the bonds - which yield 8.75% - up to £140.78 ahead of the auction...

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Jonathan Stapleton
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