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Evening Standard
Evening Standard
Business
Jonathan Prynn and Michael Hunter

Gilt yields jump again on confusion over BoE intentions next week

Bank of England Andrew Bailey ING United Kingdom

The Bank of England insists its gilt buying programme will end on Friday

(Picture: PA Wire)

The crisis in the gilts market dramatically worsened again today as yields rose sharply amid confusion over the Bank of England’s emergency buying programme.

By late morning the yield on the 30 year gilt was up 25 basis points 5.027% the highest since the Bank’s intervention began at the end of last month.

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