I have only a basic understanding, trying to expand, help appreciated bros..I heard the British Government had only £3Bn worth of orders for their 30 year GILT sale this month compared to £60Bn last month. How does that relate to Gilt Yields rising on the open market? Meanwhile Journalists have been talking about how today's inflation report showing a fall to 2.5% from 2.6% last month (negative 0.1-0.2% surprise) "paves the way" for a base rate cut from BoE on February 6th.If the government struggled to sell bonds after a rate cut, would that mean the BoE would have to begin direct QE to buy them? But following that question, I went back to my source for the sales figures, and found out they were actually selling those 30 yr gilts for Just over 2%... How are they finding buyers for a 2% yielding 30 year bond, when you could buy one of them on the open market for 5.4%>https://www.tradingview.com/chart/bPA099V9/?symbol=FX%3AGBPUSD
The mad thing about crypto is that everyone involved claims to be an expert on these things but no one actually knows fuck all
