Market turmoil causes BoE to reschedule long-dated bond sale
Change to QT plan comes after tariff uncertainty triggers surge in UK government bond yields
The Bank of England has delayed a sale of long-maturity UK government bonds (gilts) planned for April 14, and will instead auction short-dated gilts on that date.
The change to the programme of quantitative tightening (QT) was made “in light of recent market volatility”, the bank said in a market notice today (April 10). It plans to sell the longer-maturity bonds in the third quarter of 2025 instead.
The BoE defines short maturity as three to seven years, while long maturity is more than 20 years
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