Bank of England bond buying plan back on track

Last week, the Bank failed to find enough sellers when it offered to buy the bonds, known as gilts.
But it found no shortage of sellers on Tuesday. The “reverse auction” was oversubscribed by almost 2.7 times.
Pension funds in particular have been reluctant to sell gilts, especially those with long maturities, because they bought them when they were cheap and offered a high rate of return.

This post was published at BBC