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New purchases of linkers announced; corp bond sales paused

BOE

The Bank of England has announced the following changes to this week's operations:

  • Linkers will now be eligible in the daily gilt purchase operations for the remainder of this week. The BOE will purchase as a "backdrop" - in the same way it has acted as a backdrop for conventional purchases.
  • Up to GBP5bln linkers will be eligible for purchase each day and GBP5bln of long conventional.
  • Linker purchases will take place between 14:15-14:45BST.
  • The long-dated conventional purchases will now take place between 15:15-15:45BST (an hour later than previous operations).
  • The daily purchase amounts will be confirmed each morning at 9:00BST.
  • Corporate bonds sales scheduled for today and tomorrow "will not take place". Confirmation of next week's operations will be made at 11:00BST next Monday (17 October).

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