BoE publishes Q3 2026 APF gilt-sales auction calendar covering July–September 2026
On 19 June 2026 the Bank of England published the Q3 2026 Asset Purchase Facility gilt-sales schedule, listing five auctions between 20 July and 14 September 2026 (three short‑sector auctions of £725mn and two medium‑sector auctions of £600mn) as part of the MPC’s plan to reduce the APF stock by £70bn.
The desk brief
On 19 June 2026 the Bank of England published the Q3 2026 Asset Purchase Facility gilt-sales schedule, listing five auctions between 20 July and 14 September 2026 (three short‑sector auctions of £725mn and two medium‑sector auctions of £600mn) as part of the MPC’s plan to reduce the APF stock by £70bn.
Removing a large central-bank buyer via gilt sales can lift UK gilt yields and raise global discount rates; that increases duration-driven price pressure on long‑dated African eurobonds (10+ years) and raises refinancing-premium exposures for higher‑beta sovereigns and corporates. The effect is conditional on relative spread moves versus sterling and major-benchmark yield changes.
MPC’s annual review and APF signal at the 17 September 2026 MPC meeting.
Sources & verification
Developing storyFurther independent confirmation is required.
Public references supporting this brief.