LONDON, Nov 29 (Reuters) – Financial institution of England Governor Andrew Bailey stated on Tuesday that circumstances in Britain’s authorities bond market had not but returned to regular.
Late September noticed the heaviest promoting of gilts since fashionable information started, triggered by former Prime Minister Liz Truss’s financial agenda and strengthened by the funding construction of the pensions business.
“We have clearly had a interval of extreme illiquidity within the gilt market, certainly it isn’t again to regular in the mean time,” Bailey instructed the Financial Affairs Committee of the Home of Lords.
Reporting by UK bureau, writing by Andy Bruce, enhancing by David Milliken
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