BOE Bankstats: Non-Residents Net Buyers Of Gilts In October

LONDON (MNI) – Foreign investors were net buyers of gilts for the
fourth month in a row in October, according to data from the Bank of
England.

The BOE’s Bankstats figures show non-residents increased their gilt
holdings by stg4.309 billion in October after having increased their
holdings by stg1.839 billion in September and stg5.572 billion in July.

The increase came despite growing speculation during October that
the Bank of England’s Monetary Policy Committee would not extend
quantitative easing, and its bulk purchases of gilts, in
November.

The data show that foreign investors reduced their holdings of UK
Treasury Bills, cutting their exposure by stg1.299 billion after having
lowered it by stg362 million in September and stg336 million in August.

The data also show domestic investors increased their holdings of
gilts by stg2.867 billion in October after having raised their holdings
by stg3.616 billion in September and cut them by stg3.092 billion in
August.

-London newsroom: 4420 7862 7491 e-mail: wwilkes@marketnews.com

[TOPICS: M$B$$$,M$$BE$]