Gilts Dumped After BOE Announces Latest QE Operation Was 4.71x Oversubscribed

After yesterday the BOE failed to attract enough selling interest to fully cover its long-maturity QE operation, bond traders were sitting on edge for the results of today’s latest “POMO” open market operation, which concluded moments ago, to see if it too would have a shortfall in supply.

This post was published at Zero Hedge on Aug 10, 2016.