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Bank of England holds up offer for further support for pension funds
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fnlondon.comThe Bank of England offered to buy long-dated UK government bonds in larger amounts and said it would provide continuing support to pension funds that have been at the heart of the UK’s bond-market crisis.
On 28 September, the UK’s central bank launched a series of auctions in which it offered to buy £5bn of long-dated gilts, as UK government bonds are known, equivalent to $5.5bn. The program was aimed to stanch the damage from a furious selloff in UK government debt over previous days in the aftermath of a surprise package...
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