BoE: Conditions In Corporate Credit Market Improves

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Monday, the quarterly report from the Bank of England said the continued asset purchases in the second quarter were accompanied by signs of improvement in the corporate credit markets.

Market contacts reported that there was some evidence that purchases of corporate bonds by the asset purchase facility had helped to improve turnover and price transparency for eligible bonds.

In its latest quarterly report on Asset Purchase Facility, the central bank said yields on U.K. government bonds increased, but this indicates higher expectations of long-run path of Bank Rate as market participants reportedly reassessed the prospects for long-term U.K. nominal demand.

Monday, the quarterly report from the Bank of England said the continued asset purchases in the second quarter were accompanied by signs of improvement in the corporate credit markets. (Market News Provided by RTTNews)