Asset Purchase Facility Quarterly Report - 2015 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 27 July 2015

During 2015 Q2:

  • Nominal gilt yields rose across the curve, by an average of around 40 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 30 June 2015 was £0.3 billion.
  • Sterling investment-grade non-financial corporate bond spreads increased over 2015 Q2.
  • Gross issuance of corporate bonds by UK private non-financial corporations (PNFCs) in 2015 Q2 was lower than in Q2 for 2012, 2013 and 2014, but comparable to the 2009–11 Q2 average and higher than the 2003–08 Q2 average.

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