The threat to the UK economy from a sell-off in the bond markets has moved to a more dangerous phase after the Bank of England this week ended its government debt buy-back programme. Robert Stheeman, who heads the Debt Management Office, on Wednesday warned that the final purchases of the Bank’s quantitative easing project created uncertainty in the bond markets, which could drive up government debt yields.

This entry was posted by Gwen Robinson on Thursday, January 28th, 2010 at 4:55 and is featured in The 6am Cut London (28 Jan 2010) . Tagged with bank of england, Debt management office. Edit this entry.