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Bank of England gets solid demand at 750 million pound bond sale

Bank of England sells 1.5 billion pounds of gilts
Bank of England sells 1.5 billion pounds of gilts Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on Updated
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LONDON - The Bank of England said it received bids totalling 2.39 times the 750 million pounds ($903.75 million) of gilts with a maturity of 7-20 years which it sold at auction on Monday.

This represents stronger demand than at the BoE's last gilt auction on Nov. 24, when it received bids worth 1.92 times the volume of bonds on offer.

British government bond prices were little changed after Monday's auction result, which was the sixth of eight auctions the BoE is holding in November and December.

($1 = 0.8299 pounds)

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