Asset Purchase Facility Quarterly Report - 2013 Q2

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 30 June 2013

During 2013 Q2:

As of 27 June 2013 cumulative assets purchased net of sales and redemptions totalled £375 billion.
Nominal gilt yields rose over 2013 Q2, by an average of around 50 basis points across the yield curve. This increase in part reflected a rise in sovereign bond yields across a number of developed countries.
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 APF to the DMO during the three months to 30 June 2013 was £0.5 billion.
Sterling investment-grade non-financial corporate bond spreads narrowed slightly over 2013 Q2, with an initial fall in spreads being partially offset later in the quarter.
Gross issuance of corporate bonds in 2013 Q2 was relatively strong. The amount was lower than in 2012 Q2, but higher than in previous years. C