Economics
Economists Urge BOE to Rejig Bond Sales After Market Rates Spike
- Yields on 30-year bonds have surged to the highest since 1998
- Sales from BOE’s stimulus portfolio lock in taxpayer losses
Outside the Bank of England (BOE) in London.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
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UK economists are urging the Bank of England to halt sales of long-dated government bonds under so-called quantitative tightening after a collapse in bond prices threatened to lock in billions of pounds of losses for taxpayers.