Yields on British inflation-linked bonds mostly fell on Tuesday after the Bank of England expanded its emergency support to include the linker market. The drop represented only a small dent in Monday’s heavy sell-off of gilts. The BoE said it would buy up to 5 billion pounds ($5.51 billion) of index-linked debt per day, starting on Tuesday and expiring on Friday. Investors will be watching closely to see how the Debt Management Office’s auction of 0.125% 2051 index gilts, worth 900 million pounds, proceeds later on Tuesday. The results are due shortly after 0900 GMT. The auction is due to take place at around 930am GMT, with the results due to be released shortly afterwards. . . .
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