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U.K. Bonds Tumble After BOE Slows Speed of Stimulus Purchases

  • Concerns raised that 100 billion pound boost may fall short
  • Money markets move away from betting on sub-zero rates
Bloomberg business news
More QE From the BOE: Bank Expands Bond-Buying Program
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U.K. government bonds slid after the Bank of England’s boost to its quantitative-easing program was offset by a slower pace of purchases.

The longest-dated maturities led the slump, following the 100 billion pounds ($125 billion) increase to the program. The BOE said that it would be completed by the end of the year, meaning its weekly bond buying will be halved.