1514 GMT - The Bank of England on Thursday rescheduled the sale of long-dated gilts set for April 14 to the third quarter, indicating its responsiveness to market volatility, J.P. Morgan said in a note. The BOE's decision comes after U.K. 30-year gilt yields climbed around 30 basis points on Wednesday to a multi-year high of 5.663%, Tradeweb data show, tracking moves in U.S. Treasury yields due to concerns about U.S. tariffs. "The decision perhaps signals the BOE is more responsive than might have been expected to events this week," J.P. Morgan says. The BOE said it plans to sell 750 million pounds in short-maturity gilts on April 14 and will continue to monitor the impact of its gilt sales on market conditions. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
April 10, 2025 11:14 ET (15:14 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.