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Gilts Jump Briefly After Purchase Op Sees Zero Offers Rejected

BOE
  • BOE purchases: GBP 2,375.4mln from GBP1,363.0mln yesterday
  • Offers rejected: GBP0mln from GBP47.6mln yesterday
  • Gilt futures push to the highest levels (G Z2 up 30 ticks to 92.28) since mid-morning after long-dated operational purchase takeup increases, with zero offers rejected. Looks like a knee-jerk move though, with futures coming back to pre-operation levels.

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