Gilts rise as Bank of England leaves door open to more QE

By Rachel Cooper, City Reporter (Markets) Published: 6:15AM GMT twenty-four February 2010

The Mar gilt destiny was 49 ticks higher at 114.46 and the produce on 10-year gilts was down 6 basement points at 4.17pc.

Earlier this month the Bank of England paused the �200bn quantitative easing programme, that was often used to buy gilts. But in sworn statement to parliament"s book committee, Mr King pronounced he was disturbed about the debility of tellurian enlargement and the stroke on UK trade.

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He reiterated he would cruise some-more gilt purchases if the economy incited out noticeably worse than forecast.

Asked either some-more QE would be needed, he said: "It might be. We"ll have to see how things vessel out. My sole concerns at benefaction get from the state of the universe economy."

On Tuesday, �4.5bn of 2060 gilts were sole analysts were awaiting �3.5bn to be lifted and 10-year-bonds are to be auctioned today.