BoE's QE operation falters as investors refuse to part with bonds
Latest QE package
The Bank of England's latest bond-buying programme has hit a wall on its second day of operations as investors refuse to sell their long-dated government bonds.
Pension funds and insurance companies – which tend to invest in long-dated UK bonds to match their liabilities – rejected the central bank's attempt to buy £1.2bn of long-dated gilts despite receiving...
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SocGen's Edwards: A recession might only be six months away
Similar to June 2007
Italy's Budget: Will it determine the fate of the country's beleaguered government bonds?
The election of an anti-establishment government in Italy sent investors fleeing and Italian government bonds (BTPs) witnessed record outflows earlier this year. Antonio Ruggeri, manager of the OYSTER European Corporate Bonds fund at SYZ Asset Management,...