Vuk Valcic | SOPA Images | LightRocket | Getty Imageson Tuesday announced an expansion of its emergency bond buying operation as it looks to restore order to the country's chaotic bond market.
"The Bank is announcing today that it will widen the scope of its daily gilt purchase operations also to include purchases of index-linked gilts," the central bank said in a statement Tuesday. "This enhancement to our operations will be in effect from 11 October 2022 until 14 October 2022 alongside the Bank's existing daily conventional gilt purchase auctions."
Index-linked gilts are bonds where payouts to bondholders are benchmarked in line with the U.K. retail price index.increased the limit for its daily purchasesThe Bank launched its emergency intervention on Sep. 28 after an unprecedented sell-off in long-dated U.K. government bonds — known as "gilts" — threatened to
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