Sales of Gilt
Investors offered the Bank of England a record sum of long-dated gilt-edged stock at its weekly reverse auction, trying to lock in profits after governemtn debt prices rose from the three-month lows.
Investors offered £10.881 billion in gilts after the Bank announced that it would buy up to £3.43 billion of government debt maturing between 2020 and 2032 under its £125 billion quantitative easing program.
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