BoE to sell gilts in eight auctions this year - Breaking The News
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BoE to sell gilts in eight auctions this year

EPA-EFE/TOLGA AKMEN

The Bank of England announced on Thursday that it will be selling United Kingdom government bonds, or gilts, in eight auctions from November 1 to December 8, 2022.

The central bank will alternately sell short gilts with a "residual maturity of between 3-7 years" and medium gilts maturing in a timeframe of between seven and 20 years.

The planned size of each of the eight auctions is £750 million, the BoE explained.

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