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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