Asset Purchase Facility Quarterly Report – 2018 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 06 August 2018

Key points from the 2018 Q2 Asset Purchase Facility report

During 2018 Q2:

  • No corporate bond purchases took place during the quarter.
  • The Term Funding Scheme closed to new drawings on 28 February 2018. The stock fell by £0.56 billion during the quarter, bringing the total to £126.461 billion.
  • During Q2 the APF made £9.76 billion of gilt purchases.
  • During 2018 Q2, shorter-term nominal gilt yields fell, while longer-term nominal gilt yields rose
  • Sterling investment-grade non-financial corporate bond spreads widened marginally over 2018 Q2
  • Gross issuance of corporate bonds by UK private non-financial corporations (PNFCs) in 2018 Q2 was higher than in 2017 Q2 and higher than the 2003–08 Q2 average

PDFAsset Purchase Facility Quarterly Report - 2018 Q2