The Bank of England has changed tactics, accepting all offers including above market price ANTHONY DEVLIN/PAThe Bank of England returned to the market yesterday for its latest purchases of long-dated UK government bonds. The central bank found plenty of ready sellers as it bought £1.17 billion of bonds with maturities greater than 15 years, despite being offered more than twice that amount. The sale offers of £3.1 billion of bonds, almost 2.7 times the amount actually needed, were welcome after the Bank of England failed to find enough sellers last week to meet its purchasing target, the first time this had happened. The bond purchases come as part of the Bank’s latest round of quantitative…

Source: The Times August 16, 2016 23:03 UTC