Excerpted Article from
Bloomberg Markets
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It’s a booster shot.
Why the BOE Overpaying for QE Bonds is Not Necessarily a Bad Thing
Nobody likes paying over the odds for something, right? Well maybe it has its upsides when it comes to the Bank of England’s government bond purchases.The BOE paid a premium for all the long-dated gilts bought at an operation on Tuesday after it drew offers of just 1.5 times the amount sought. The b…
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