BOE Can’t Part Investors From Long Bonds as QE Hits Snag

  • Second operation of expanded buying fails to reach target
  • Longer bonds ‘a really difficult area’: Aberdeen’s Hickmore

Why Low Rates Are Making Long-Term Investors Struggle

The Bank of England’s expanded quantitative-easing program ran into a stumbling block on just its second day as investors proved unwilling to part with their holdings of longer-dated bonds.

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