Bank of England delays long-dated gilt auction due to market turmoil

Bank of England delays long-dated gilt auction due to market turmoil

The Bank of England said on Thursday that it was postponing an auction of 600 million pounds ($774 million) of long-dated government bonds due on April 14 "in light of recent market volatility".

Bank of England halts £600m auction of UK government bonds

Uncertainty surrounding President Trump’s tariffs led the central bank to put plans to sell gilts on hold

Trump tariffs likely to hit UK growth, warns Bank of England policymaker

Deputy governor for financial stability Sarah Breeden added that it is ‘not clear-cut’ what effect the new trade policy will have on inflation. US President Donald Trump’s tariffs are likely to hamper economic growth in the UK but it is “too early to call” the impact they will have on inflation, a Bank of England policymaker has said. Sarah Breeden, the Bank’s deputy governor for financial stability, said on Thursday that the trade tariffs “woul…

Trump’s tariffs war set to hit UK growth, warns Bank of England

But Breeden said the impact on inflation, and therefore the Bank’s interest-rate decision in May, is uncertain at this stage.

Bank of England drops sale of long-dated bonds amid market turmoil

Sell-off in 10- and 30-year gilts prompts central bank’s decision to sell only shorter maturity bonds in April 14 auction

Bank of England Halts Sale of Long-Dated Debt After Market Ruptures

The Bank of England temporarily halted the sale of long-dated bonds under its quantitative tightening program, bowing to market pressure after a surge in gilt yields ignited by Donald Trump’s tariffs.