Bank of England Rejects All Offers, Quantitative Easing Fails to Lower Yields in UK

10 Monday Oct 2011

Posted by Mish | October 10, 2011 10:25:00 | Uncategorized

The Bank of England threw a Quantitative Easing Party today, but no one showed up with acceptable bids.

Please consider Bank of England Rejects Offers Against 8.75% 2017 Gilt After Yield Move

The Bank of England rejected all bids against the 8.75 percent 2017 gilt that it planned to buy today as part of its quantitative-easing program.

“The Bank has decided to reject all offers against UKT 8.75 25/08/17 following significant changes in its yield in the run up to the auction,” the central bank said in a statement today.

UK Yields

UK Yield Curve

Chart and Table courtesy of Bloomberg Government Bond Rates.

Mike “Mish” Shedlock
Click Here To Scroll Thru My Recent Post List

Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.