Asset Purchase Facility Quarterly Report - 2016 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 25 July 2016

During 2016 Q2:

  • Nominal gilt yields fell across the curve, by an average of around 48 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 2016 was £0.1 billion.
  • Sterling investment-grade non-financial corporate bond spreads increased slightly in 2016 Q2.
  • Gross issuance of corporate bonds by UK private non-financial corporations (PNFCs) in 2016 Q2 was lower than in 2015 Q2 but higher than the 2003–08 Q2 average.

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