Bank of England Plans to Halt Sales of 20-Year and 30-Year Gilts
nashnova research
The Bank of England plans to stop selling 20-year and 30-year gilts as part of a broader overhaul of its debt-sale framework, per The Daily Telegraph; the move signals a recalibration as the UK bond market stays under sustained pressure.
What is the Bank of England planning?
The BoE plans to stop selling 20-year and 30-year gilts — long-duration bonds it holds on its balance sheet.
The change is part of a broader overhaul of the BoE's debt-sale mechanism, not a one-off move.
This means → the central bank is rethinking how it shrinks its balance sheet, pulling back from dumping its longest-dated bonds into the market.
Why now?
The UK bond market has been under sustained pressure, with long-end yields staying elevated.
In plain terms = the market can only absorb so much long-dated supply; continued selling would pile on more pressure and push yields higher — working against the BoE's own goals.
This reflects a rebalancing between "shrink the balance sheet" and "keep the bond market stable."
Is this confirmed?
The source is The Daily Telegraph; an announcement is expected this Thursday, alongside the BoE's interest-rate decision.
Reuters said it could not independently verify the report.
This means → the direction looks clear, but the details — exact scope, any replacement mechanism — won't be known until Thursday's official announcement.
市场有风险，内容仅供研究参考，不构成投资建议。