Bank of England holds first QE unwind auction of long-dated gilts

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, Jan 30 (Reuters) - The Bank of England sold 650 million pounds ($805 million) of long-dated gilts on Monday, in its first auction of bonds with a maturity of more than 20 years from its main quantitative easing stockpile. The BoE said investors submitted bids worth 1.075 billion pounds, giving a bid-to-cover ratio of 1.65. ($1 = 0.8077 pounds) (Reporting by David Milliken, Editing by Kylie MacLellan)

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