Citigroup interest rate strategist Jamie Searle said that after the Bank of England made comprehensive adjustments to the quantitative austerity plan, the long-term rise in British treasury bonds is likely only a “one-off event.” Searle wrote in a research report on Thursday: “Although this is a major adjustment to the quantitative austerity policy, it is basically in line with market expectations in terms of the pace of downsizing and cancellation of long-term bond sales.” After the Bank of England announced the suspension of sales of long-term treasury bonds on Thursday, the UK treasury yield curve flattened. The yield on 30-year treasury bonds declined by 12 basis points on the same day.

Citigroup interest rate strategist Jamie Searle said that after the Bank of England made comprehensive adjustments to the quantitative austerity plan, the long-term rise in British treasury bonds is likely only a “one-off event.” Searle wrote in a research report on Thursday: “Although this is a major adjustment to the quantitative austerity policy, it is basically in line with market expectations in terms of the pace of downsizing and cancellation of long-term bond sales.” After the Bank of England announced the suspension of sales of long-term treasury bonds on Thursday, the UK treasury yield curve flattened. The yield on 30-year treasury bonds declined by 12 basis points on the same day.