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

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of England expands bond market intervention in effort to quell volatilityThe Bank of England on Tuesday announced an expansion of its emergency bond buying operation as it looks to restore order to the country's chaotic bond market. No alternative volatility quellloooorrrr
Source: CNBC - 🏆 12. / 72 Read more »

Amazon Prime Early Access sale, Consumer Price Index, bank earnings top week aheadFOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days. Stock market goes to zero. FJB
Source: FoxBusiness - 🏆 458. / 53 Read more »