Asset Purchase Facility Quarterly Report - 2019 Q1

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 April 2019

Key points from the 2019 Q1 Asset Purchase Facility Report

During 2019 Q1:

  • No corporate bond purchases took place during the quarter
  • There were £8.022 billion of gilt purchases made during the quarter as part of a programme to reinvest the cash flows associated with the maturity on 7 March of the 4.5% 2019 gilt owned by the APF
  • During 2019 Q1 nominal gilt yields fell on average, by around 25 basis points
  • Sterling investment-grade non-financial corporate bond spreads narrowed by 19 basis points over 2019 Q1
  • Gross issuance of corporate bonds by UK private non-financial corporations in 2019 Q1 was very marginally lower than in 2018 Q1.

PDFAsset Purchase Facility Quarterly Report - 2019 Q1