Economics
Bonds Jump Globally as Bank of England Eases Policy Post-Brexit
- Treasuries join rally after BOE announces asset purchases
- Investors await release of U.S. monthly jobs report Friday
BOE's Carney: Steps Taken Due To Markedly Changed Outlook
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Bonds jumped globally after the Bank of England cut interest rates in response to the U.K.’s decision to leave the European Union, reinforcing the trend for monetary easing worldwide.
Treasuries climbed with European securities after the BOE reduced its key rate for the first time in more than seven years and announced asset purchases and loans to ramp up defenses against a Brexit-induced slump. The moves sent the yield on U.K. gilts to a record low.