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QE involves the Bank buying gilts, supporting the price and therefore depressing yields. The programme is currently on hold, but some commentators say it could be restarted if gilt yields rose significantly – with adverse consequences for annuity rates.
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Citigroup Inc. managed the underwritten offering of the 39.1 million shares of the Plano, Texas-based department-store chain at a price of $12.90 apiece, New York-based Pershing Square said in a statement today. Thatﾃ｢ﾂ�ﾂ冱 3.4 percent less than yesterdayﾃ｢ﾂ�ﾂ冱 closing price of $13.35.
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