The Bank of England (BoE) signalled it will move cautiously in selling off the £19bn ($22bn) of UK government bonds it snapped up in emergency action in recent weeks, outlining a “demand-led” approach to the sales. The central bank said it intends to make the gilts available to interested buyers from November 29. The sales “will commence not at a fixed pace, but will be designed in a demand-led way that is responsive to prevailing market conditions,” it said in a statement on Thursday. The cautious approach is intended to prevent renewed dysfunction in the UK bond market, which remains fragile after a record rout exacerbated by forced selling of long maturities from pension funds that prom
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