U.K. Mortgage Bonds Are the Collateral Damage in Carney's Stimulus

Sales of U.K. residential mortgage-backed securities are set to decline, starving investors of highly-rated assets.
Photographer: Chris Ratcliffe/Bloomberg

Bank of England Governor Mark Carney's exceptional stimulus package will help the U.K. economy ride out the Brexit shock. It won't help the country's 77 billion pound ($100 billion) mortgage bond market though.

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