The Bank of England (BOE) has announced aggressive gilt (bond) purchases. This has risen their price, lowering their yield.
The reason as of why the BOE's intervention occurred is that it was to prevent the pension market from collapsing. The rise in gilt (bond) rates meant that traditional pension funds were becoming forced sellers on order to be able to pay collateral obligations from banks.
For further information, read this article and this one
You have written beautifully about gilt (bond). Although I had no idea about this but got some inspiration from your post, thanks
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