Bank of England 'under pressure' to slow bond sales amid market tumult

Bank 'under pressure' to rethink bond sales after this week's market rout

The Bank of England should slow its quantitative tightening programme and stop active sales of long-dated bonds entirely in the wake of this week's bond rout that saw the cost of long-term borrowing soar to its highest level this century, a group of top economists has said.

Bank of England 'under pressure' to slow bond sales amid market tumult

The Bank of England should slow its quantitative tightening programme and stop active sales of long-dated bonds entirely in the wake of this week’s bond rout that saw the cost of long-term borrowing soar to its highest level this century, a group of top economists has said. Markets were rocked by a global sell-off in long-end debt on Monday and Tuesday, which saw bond yields climb sharply on fears that governments will struggle to rein in spendi…