The Bank of England has halted an auction on long-dated government bonds, making it the first central bank to respond to market jitters caused by President Trump’s erratic tariff policy decisions. In a statement on Thursday, the Bank of England said that “in light of recent market volatility” it had postponed a sale of 30-year UK sovereign bonds that was due to take place on April 14. Instead, the Bank will offload £750 million of short-dated bonds rather than £600 million of long-dated bonds. The Bank of England and other central banks are in the process of unwinding their quantitative easing programmes — buying to stimulate economic growth — where they purchased vast sums of sovereign and corporate bonds during the 2008 financial crisis and

Source: The Times April 10, 2025 20:13 UTC