Bank of England confirmed on Tuesday that the first sale of government bond yields (gilts) is scheduled to take place on November 1, which was initially planned for October 31. The bank revealed the day before that it has completed gilt purchases, ending the "temporary" action intended to assure the stability of the long-dated gilt markets.
"For Q4 2022, these APF gilt sales operations will be distributed evenly across the short and medium-maturity sectors only," the bank revealed in a statement, explaining that precise dates and sizes for the "individual auctions" are yet to be disclosed. "The Bank will continue to monitor market conditions closely, and where appropriate factor that into the design of its sales operations," the bank explained.
