Bloomberg News

BOE Rejects Offers Against 2017 Gilt After Yield Move

October 10, 2011

(Corrects first paragraph to show Bank of England carried out operation.)

Oct. 10 (Bloomberg) -- The Bank of England rejected all bids against the 8.75 percent 2017 gilt that it planned to buy today as part of its quantitative-easing program.

“The Bank has decided to reject all offers against UKT 8.75 25/08/17 following significant changes in its yield in the run up to the auction,” the central bank said in a statement today.

--Editors: Matthew Brown, Mark McCord

To contact the reporter on this story: Matthew Brown in London at mbrown42@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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