The Bank of England threw a Quantitative Easing Party today, but no one showed up with acceptable bids.
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 Yield Curve
Chart and Table courtesy of Bloomberg Government Bond Rates.
Mike “Mish” Shedlock
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