WASHINGTON, Oct 12 Bank of England (BoE) Governor Andrew Bailey said yesterday that British pension funds and other investors hit hard by a slump in bond prices had just three.
Bank of England Governor Andrew Bailey said that British pension funds and other investors hit hard by a slump in bond prices had just three days left to fix their problems before the central bank would withdraw support.
The Bank of England again sought to stem a sharp sell-off in Britain s 2.1 trillion pound ($2.3 trillion) government bond markets on Tuesday, expanding its emergency buying to inflation-linked debt.
Borrowing costs for UK companies have soared since the British government s mini-budget last week spooked markets, with data showing sterling corporate bonds suffering their biggest monthly selloff since at least the 1990s.
Borrowing costs for UK companies have soared since the British government s mini-budget last week spooked markets, with data showing sterling corporate bonds suffering their biggest monthly selloff since at least the 1990s.