Markit Recap – 8/15/2016

The Bank of England’s (BoE) revamped quantitative easing (QE) program hit an early snag last week when the central bank failed to source enough gilts on just the second day of purchases. This early setback has caused some to question the impact of the bank’s actions on the corporate bond market, and whether the bank would be able to source its targeted £10bn of investment grade corporate bonds without causing major liquidity disruptions when purchases start in September.