 "Bank of England")
The Bank of England stepped up its support for the UK bond market, aiming to prevent a rout in a $1 trillion part used by the pensions industry from spreading.
The move is designed to bring an orderly finish to emergency purchases at the end of this week and to provide longer-term support for a wider range of securities in the coming weeks.
The measures may give a boost to corporate credit, which has seen demand plummet along with other sterling-denominated assets since the Prime Minister Liz Truss’s government set out a series of tax cuts that spooked investors.
“The
