Bank of England disputes report it will further delay gilt sales

The 30-year gilt yield, a key security for assessing the condition of the nation's troubled pension fund system.

increased 10 basis points to 4.47%. The 10-year gilt yield increased by 11 basis points to 4.08%.

Following the practically complete withdrawal of the U.K.'s proposed tax cuts by the newly appointed Chancellor of the Exchequer, Jeremy Hunt, the 30-year gilt yield fell 48 basis points.

Liz Truss, the prime minister, also shortened the support period for energy prices.

According to the Financial Times, the Bank of England will put off selling government bonds even longer, while it may continue to forgo reinvesting ageing securities.

But the central bank described that story as "inaccurate," without elaborating.


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Leaving for the US to attend G-20 and IMF meetings is the finance minister