BoE sells £750m of gilts in first auction of QE stockpile

The move marks the start of the bank’s quantitative easing programme unwind

Jonathan Stapleton
clock • 1 min read
The Bank of England has started to unwind its QE stockpile
Image:

The Bank of England has started to unwind its QE stockpile

The Bank of England (BoE) has sold a total of £750m of UK government bonds as part of its first auction to reduce its quantitative easing stockpile of gilts today (1 November).

In a statement the central bank said it had received a total of £2.4bn of bids for the assets, accepting £750m of these offers - meaning the cover ratio for the auction was 3.26.

Yields on ten and 25 year gilts remained steady today at 3.484 and 3.757 at 3:30pm.

Related Topics

Jonathan Stapleton
Author spotlight

Jonathan Stapleton

View profile
More from Jonathan Stapleton

Border to Coast makes £70m foray into single-family housing

OBR says 80% of in-scope workers may cut contributions as salary sacrifice limited

More on Investment

Border to Coast makes £70m foray into single-family housing
Investment

Border to Coast makes £70m foray into single-family housing

‘Landmark’ deal sees LGPS pool fund 139 homes at Springstead Village in Cambridge

Jonathan Stapleton
Jonathan Stapleton
clock 09 February 2026 • 2 min read
Partner Insight: Democracy and the rule of law is the defining ESG issue of the year
Investment

Partner Insight: Democracy and the rule of law is the defining ESG issue of the year

For the past several years, climate has dominated ESG agendas. Rightly so in our view, given that its physical and transition risks are reshaping portfolios and policy alike. But in 2026, one issue has returned to the forefront with unmistakable urgency:...

Ashley Hamilton Claxton, Head of Responsible Investment at Royal London Asset Management
clock 09 February 2026 • 2 min read
Inflation has 'clear but inconsistent' impact on all asset classes
Investment

Inflation has 'clear but inconsistent' impact on all asset classes

Aon report says investors will need diversified portfolios to protect against all types of inflationary shocks

Martin Richmond
Martin Richmond
clock 06 February 2026 • 3 min read
Trustpilot