Asset Purchase Facility Quarterly Report - 2010 Q3

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 25 October 2010

During 2010 Q3:

  • As at 30 September 2010, assets outstanding totalled £200 billion.
  • The curve of nominal gilt yields flattened somewhat during 2010 Q3, with rates at medium to long-term maturities around 40 basis points lower than at the end of 2010 Q2.
  • Overnight index swap (OIS) rates fell by slightly less than gilt yields, and, as a result, gilt-OIS spreads narrowed by around 15 basis points.
  • A significant amount of the gilts purchased via the Facility continue to be made available for on-lending to the market through the gilt lending arrangement with the DMO.
  • The average daily aggregate value of gilts lent by the Asset Purchase Facility to the DMO during the three months to 30 September 2010 was £279 million, less than the £2.1 billion lent on average during the previous quarter.

PDF Asset Purchase Facility Quarterly Report – 2010 Q3

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