The Bank of England on Friday rescheduled for next month the sale of long-dated government bonds that it postponed in April when investors took fright at U.S. President Donald Trump’s trade tariff plans.
The BoE said it planned to sell 600 million pounds’ ($807.42 million) worth of long-dated bonds on July 21.
The central bank postponed a 600 million-pound sale of bonds of more than 20 years in duration in April as global government bond prices fell after Trump’s announcement of big increases in U.S. trade tariffs, much of which have since been scaled back.
In a quarterly gilt sales schedule announcement on Friday, the BoE said it would sell 750 million pounds’ worth of short-dated government bonds on July 7 and 750 million pounds’ worth of medium-dated government bonds on July 28.
Any sales plans for the fourth quarter or beyond would be announced after an annual review by the Monetary Policy Committee of the central bank’s so-called quantitative tightening programme, the BoE said.
($1 = 0.7431 pounds)