BOE Announced Huge Easing, Hopes of Fed Rate Hike Falter

Treasury yields fell as BOE announced an extensive easing package. Besides cutting the policy rate, the central bank also expanded QE and introduced a lending program for banks. The 10-year gilt yield plunged -16 bps to a record low of 0.64%. US Treasury yields also slipped as hopes of Fed funds rate hike diminished after BOE's stimulus.

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BOE Announced Huge Easing, Hopes of Fed Rate Hike Falter