1500 GMT - The Bank of England could reduce sales of long-dated gilts under its quantitative tightening program from September, when the next QT period begins, Morgan Stanley's Bruna Skarica says in a note. Quantitative tightening involves selling those bonds which were purchased during previous periods of quantitative easing. Dwindling demand for long-dated gilts could cause the BOE to alter its gilt sales program by skewing it "away from long-dated gilts," Skarica says. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
May 22, 2025 11:00 ET (15:00 GMT)
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