The Bank of England launched a new lending program for pension funds at the heart of the U.K.‘s bond-market crisis
LONDON—The Bank of England offered to buy long-dated U.K. government bonds in larger amounts and said it would provide continuing support to pension funds that have been at the heart of the U.K.’s bond-market crisis.
On Sept. 28 the U.K.’s central bank launched a series of auctions in which it offered to buy £5 billion of long-dated gilts, as U.K. government bonds are known, equivalent to $5.5 billion. The program was aimed to stanch the damage from a furious selloff in U.K. government debt over previous days in the aftermath of
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