The Bank of England announced on Wednesday that it will temporarily buy as many UK government bonds as needed to stabilize debt markets, and delay the start date for its bond sales. Here's what's going on, and what it means. What's happened? A dramatic rise in yields for long-dated UK government bonds (gilts) has spurred the BoE to intervene before a financial catastrophe happens. The new UK government on Friday outlined its plans to stimulate flagging economic growth by cutting taxes and scrapping the cap on bankers' bonuses, along with energy bill subsidies for households. The measures will be debt-funded to the ... (full story)