Bank of England Further Expands Bond-Market Rescue

  • 📰 WSJ
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

The Bank of England expanded its bond-market rescue, saying the threat of a fire sale in some government debt poses a risk to U.K. financial stability

The Bank of England added inflation-linked government bonds to its program of bond purchases after a fresh attempt to extend support to pension funds failed to assuage worried investors.

The central bank on Tuesday said it would buy up to £5 billion of index-linked gilts each day through Friday, equivalent to $5.5 billion. On Monday, the bankThe central bank first launched its bond purchases on Sept. 28 in an effort to help pension funds that held large positions in derivative-based investments that were whipsawed by a furious selloff in U.K. government debt.

The central bank acknowledged that despite its efforts, Monday had seen “a further significant repricing of U.K. government debt,” and in particular index-linked gilts, which protect investors against rising inflation. “Dysfunction in this market, and the prospect of self-reinforcing ‘fire sale’ dynamics pose a material risk to U.K. financial stability,” the BOE said.

Asset managers who manage money for pensions on Monday said the BOE should have targeted inflation-linked government bonds, one of pensions’ biggest holdings and a market where it has become difficult to trade. One asset manager said his firm pushed the BOE to do so.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 98. in TH
 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

My loss is your gain

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

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
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »