After the Bank of England reduced its pace of quantitative tightening, the yield on UK 30-year government bonds rose.

After the Bank of England reduced the pace of quantitative tightening, the yield on the UK's 30-year government bonds rose, although the magnitude was smaller than expected. The Bank of England announced plans to reduce its holdings of bonds by 70 billion over the next 12 months, lower than last year's 100 billion. Some analysts, including those at Deutsche Bank, expect the pace of quantitative tightening to slow significantly, with reductions expected to be between 60 billion and 65 billion. The Bank of England stated that it will focus on increasing short-term and medium-term bond issuance, while reducing long-term bond issuance.