Asset Purchase Facility Quarterly Report - 2009 Q1

In the interests of openness and transparency, we publish a quarterly report on the transactions carried out as part of the Asset Purchase Facility. The reports are published shortly after the end of each quarter.
Published on 27 April 2009

During 2009 Q1:

  • Yields on nominal gilts fell following the publication of the February Inflation Report.
  • Secondary market activity for sterling non-financial commercial paper is limited but data available on primary market transactions suggest spreads for A1-rated issuers had narrowed over 2009 Q1, although they were quite volatile.
  •  Market contacts reacted positively to the Facility buying commercial paper and expected the level of issuance to increase further.
  • UK banks continued to issue sizable amounts of paper under the CGS.

PDF Asset Purchase Facility Quarterly Report - 2009 Q1

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