Bank of England Indexed Long-Term Repo operations heavily oversubscribed post-Brexit

The Bank of England’s Indexed Long-Term Repo OMOs by operation were heavily oversubscribed yesterday. The Bank reported that it offered GBP 3.07 billion in repo, and bids totaled GBP 6.63 billion. Most of the bidding was in Level C collateral, the lowest quality that the Bank accepts.
BofE repo June 2016

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