Bank signals readiness to extend bond buying if needed - FT
The Bank of England may extend its backstop programme for the UK government bond market past its 15 October deadline, the Financial Times reported, citing people briefed on the discussions.
Multiple bankers briefed by the BoE reportedly said that Bank was keeping an eye on liability-driven investment managers, to see whether they had raised sufficient cash to allow their clients to meet margin calls.
LDIs help pension funds with risk management.
A decision on whether to extend the emergency backstop could arrive on Thursday or Friday.