Bank of England sells bonds outright

The Bank of England today, as part of its quantitative tightening (QT), sold £750 million in UK government bonds (gilts) at auction. These bonds were part of the holdings the BOE had acquired during the QE program since 2009. The bonds it sold today had a remaining maturity ranging from about three years to seven years.

And so the BOE became the first major central bank to sell bonds outright as part of its QT.

The bond sales come on top of the classic QT of letting maturing bonds roll off the balance sheet without replacement, which is what the Fed and the Bank of Canada are now doing.
...

Click to expand...

Goldhedge said:

"And so the BOE became the first major central bank to sell bonds outright as part of its QT."

Does this mean Desperation?

Click to expand...

Voodoo said:

Like two weeks after it had to emergency buy it's bonds. Let's see how that plays out Cotton.

Click to expand...

russell.cabbage said:

Dodgeball reference?

Click to expand...

Bold strategy, Cotton also known as Bold Move, Cotton refers to a quote from the comedy flick Dodgeball, that became an animal advice image macro series online.

The format is mainly used to reflect on the risky or controversial nature of a course of action, taken on by a person or a group, especially in Sportsball competitions.

The phrase on the image macros is usually displayed as “Bold strategy, Cotton, let’s see if it pays off.”

Click to expand...