Asset Purchase Facility Quarterly Report - 2015 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 2015

During 2015 Q1:

  • Nominal gilt yields fell across the curve, by an average of around 16 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 APF to the DMO during the three months to 31 March 2015 was £0.6 billion.
  • Sterling investment-grade non-financial corporate bond spreads narrowed over 2015 Q1.
  • Gross issuance of corporate bonds by UK private non-financial corporations (PNFCs) in 2015 Q1 was lower than in 2012 Q1 and 2013 Q1, but higher than in 2014 Q1 and above both the 2009–11 and 2003–08 Q1 average.

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