World & BusinessBanks reportedly tap billions in Bank of England funding for bond trades
Bloomberg reports that cheap financing from the Bank of England is fueling a profitable trade in London.
TLDR
Banks are tapping billions in Bank of England repo funding to profit on bond trades, Bloomberg reports. The outlet describes cheap central-bank financing as the fuel for the London trade.
Banks reportedly tap billions in Bank of England funding for bond trades
Bloomberg reports that cheap financing from the Bank of England is fueling a profitable trade in London.
TLDR
Banks are tapping billions in Bank of England repo funding to profit on bond trades, Bloomberg reports. The outlet describes cheap central-bank financing as the fuel for the London trade.