Thank you to AFME for the invitation to speak at this first forum on bond trading, innovation, and evolution. Given my responsibilities at the Bank my remarks will focus on our perspective of the main themes of the forum in terms of our involvement in and engagement with these key sterling wholesale markets in the financial system. Today’s conference is well timed to take stock of the evolution of the Bank’s trading relationship with a core part of these markets, the market for gilts, through the MPC’s quantitative tightening (QT) programme, a key element in the normalisation of our balance sheet. The amount of gilts ... (full story)