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15 mins until the linker purchase auction ends

BOE
  • The index-linked auction will end at 14:45BST.
  • The focus today will be on if there is a higher takeup than yesterday given that pension funds have had a bit more advanced notice of this operation and given Governor Bailey's comments yesterday that gilt purchases are definitely ending this week.
  • The operation is set at the same GBP5bln level as yesterday.
  • Later today we will get the long conventional purchases, with that auction ending at 15:45BST.
  • If purchases are larger than expected today, the BOE has the option to increase the size of tomorrow's operations - it will announce those sizes at 8:00BST tomorrow morning.

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