Asset Purchase Facility Quarterly Report - 2016 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 25 April 2016

During 2016 Q1:

  • A total of £8.4 billion of gilts were purchased in this review period to complete the reinvestment operations associated with the redemption of the January 2016 gilt.
  • Nominal gilt yields fell across the curve, by an average of around 43 basis points.
  • Sterling investment-grade non-financial corporate bond spreads were volatile in 2016 Q1, although they finished the quarter only slightly wider than at the end of 2015 Q4.
  • Gross issuance of corporate bonds by UK private non-financial corporations (PNFCs) in 2016 Q1 was lower than in 2015 Q1 but higher than the 2003–08 Q1 average.
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