Asset Purchase Facility Quarterly Report - 2015 Q4

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 January 2016

During 2015 Q4:

  • Nominal gilt yields rose across the curve, by an average of around 19 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 December 2015 was £0.3 billion.
  • Sterling investment-grade non-financial corporate bond spreads narrowed a little over 2015 Q4.
  • Gross issuance of corporate bonds by UK private non-financial corporations (PNFCs) in 2015 Q4 was lower than in Q4 for the years 2012–14 and the 2009–11 Q4 average, but higher than the 2003–08 Q4 average.

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