Citigroup interest rate strategist Jamie Searle said that after the Bank of England made comprehensive adjustments to the quantitative austerity plan, the long-term rise in British treasury bonds is likely only a “one-off event.” Searle wrote in a research report on Thursday: “Although this is a major adjustment to the quantitative austerity policy, it is basically in line with market expectations in terms of the pace of downsizing and cancellation of long-term bond sales.” After the Bank of England announced the suspension of sales of long-term treasury bonds on Thursday, the UK treasury yield curve flattened. The yield on 30-year treasury bonds declined by 12 basis points on the same day.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.