Update: Bank’s CP holdings plummet as it buys £130m
The Bank of England’s Asset Purchase Facility bought £130m of commercial paper in the week ending June 25. But the total held by the fund dropped from £2.1bn the previous week to £1.95bn, its lowest since mid-March. This indicates that the paper sold to the facility did not match the rolls of maturing paper. The fund passed the three month mark last month and it dropped the three month maturity requirement in late April to allow purchases of CP with any maturity between one week and three months.
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