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APF SALES: Q3-23 schedule

BOE
  • Auction sizes: GBP790mln per auction (up from GBP770mln in Q2-23).
  • There will be 3 auctions of each maturity bucket.
  • Note that the BOE may alter the final auction sizes: "This is the final quarter of the period over which the MPC s Stg 80bn target set in September 2022 applies. Accordingly, it may be necessary to make some adjustment to the sales programme during the quarter should movements in gilt market prices mean that the amount of gilts the Bank needs to sell to meet the target changes. In order to minimise any disturbance to the predictability of the programme, the Bank s preference, should an adjustment prove necessary, would be to alter the size of the final three auctions only, and to do so in a way that maintains equal sales amounts across those three buckets. The Bank will provide the market with advance notice of any adjustment."

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