BOE buys just £1.025bn in emergency QE operation

Buying focused on July 2051 bonds, with about two-thirds of buying there.

That billion pounds has come a long way. At the height of covid-QE, the Fed was buying $300 billion a day.

You can see this in two ways: 1) They didn’t do much or 2) There weren’t as many forced sales as feared.

Of course, today’s massive long-term rally would have made people much more reluctant to ditch bonds.


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