Bank of England intervenes in the bond market after a sell-off

Bank of England intervenes in the bond market after a sell-off

LONDON — The Bank of England will suspend the scheduled start of its gilt sales next week and begin temporarily buying long-term bonds to calm the market chaos sparked by the new government’s so-called mini-budget. Yields on UK government bonds, known as gilts, were on course for their biggest monthly rise since at least 1957 …

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