Asset Purchase Facility Quarterly Report - 2016 Q3

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 31 October 2016

During 2016 Q3:

  • Nominal gilt yields fell across the curve, by an average of around 20 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 September 2016 was £0.5 billion.
  • Sterling investment-grade non-financial corporate bond spreads decreased in 2016 Q3.
  • Gross issuance of corporate bonds by UK private non-financial corporations (PNFCs) in 2016 Q3 was higher than in 2015 Q3 and higher than the 2003–08 Q3 average.
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