Bank of England – Quarterly Bulletin
Despite strong primary corporate bond market issuance, the secondary market is still not functioning well with trading volumes remaining at low levels, notes the latest Bank of England's Quarterly Bulletin.
The report notes that the Bank launched on 3 December a consultation process aimed at improving secondary market liquidity further. Under the proposal, the Bank of England Asset Purchase Facility Fund would be operating as a seller, as well as a buyer, of bonds.
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