The Wall Street Journal

Bank of England Monitoring Gilt Market, But Sees Moves as Orderly, Says Breeden

Deputy governor says moves in U.K. bond market ‘reflect global factors’

Bank of England Deputy Governor Sarah Breeden said price moves in the market for U.K. government bonds so far have been ‘orderly.’
Bank of England Deputy Governor Sarah Breeden said price moves in the market for U.K. government bonds so far have been ‘orderly.’ Photo: toby melville/Agence France-Presse/Getty Images

The Bank of England is keeping a close eye on price moves in the market for U.K. government bonds, but they have so far been “orderly,” Deputy Governor Sarah Breeden said Thursday.

Yields on long-term U.K. government debt have risen to their highest levels since 1998 over recent days.

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