As bond yields spike, Bank of England widens U.K. market intervention in second effort this week to calm volatile markets

The Bank of England said Tuesday that it will expand its daily U.K. bond purchase operations to include index-linked gilts, the second move this week aimed at trying to calm market volatility.

But it remained to be seen if a second-day move by the central bank to calm markets will be effective. On Monday, the BoE said it would boost the size of its daily gilt purchases and implement extra measures “to support an orderly end” to its emergency bond-buying plans.

'second effort this week' - and it's only Tuesday

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