Stock analysis posts tagged "quantitative tightening" from Openbook.
The Bank of England has quietly stopped selling long gilts to the market, and the DMO has cut long issuance to 9 percent of its remit. Both sellers of duration are gone. The curve has not repriced.
Oil opened London's week above $108, but it was the Bank of England's decision to stop selling long-dated gilts that moved the FTSE 100 most.