Government Bonds – Page 26

Bank of England to Buy Bonds to Restore ‘Orderly’ Markets

The purchases will be carried out “on whatever scale is necessary,” the central bank said.

Concerns about rising interest rates and the prospects of a global slowdown remain.

Investors briefly sent the pound to a record low against the dollar, which has implications for people and businesses inside and outside Britain.

In some corners of the market, investors just don’t see how the Federal Reserve can lower inflation without risking high unemployment.

Stocks, bonds and the pound were jolted by policy details from the new government that entailed a huge rise in borrowing.