BOE Intervention Doesn't Alter Path to Higher Yields: Bachra

The video discusses the upcoming quantitative tightening (QT) by the Bank of England and its limited impact on gilt yields. Despite the Bank's operations, the main driver of higher gilt yields is the anticipated fiscal issuance. The Bank's small-scale operations provide temporary market stability but do not significantly alter the long-term outlook for gilt yields, which are expected to continue rising.

What was the maximum amount the Bank of England planned to buy each day during its operations?

What does the speaker believe about the future trajectory of gilt yields?