Asset Purchase Facility Quarterly Report – 2018 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 29 October 2018

Key points from the 2018 Q3 Asset Purchase Facility report

During 2018 Q3:

  • No corporate bond purchases took place during the quarter.
  • Total lending by the Term Funding Scheme, which closed to new drawings on 28 February 2018, fell by £0.01 billion during 2018 Q3, ending the quarter at £126.45 billion.
  • During Q3 the APF made £2.86 billion of gilt purchases.  
  • During 2018 Q3, nominal gilt yields rose on average by around 18 basis points.  
  • Sterling investment-grade non-financial corporate bond spreads narrowed marginally over 2018 Q3.
  • Gross issuance of corporate bonds by UK private non-financial corporations in 2018 Q3 was lower than in 2017 Q3 and higher than the 2003–08 Q3 average.  

PDFAsset Purchase Facility Quarterly Report - 2018 Q3  

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