Bank signals readiness to extend bond buying if needed - FT
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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.
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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.