- Following last month's unprecedented spike in gilt yields, LDIs — which hold substantial quantities of gilts and are owned predominantly by final salary pension schemes — were receiving margin calls from lenders.Following last month's unprecedented spike in gilt yields, LDIs — which hold substantial quantities of gilts and are owned predominantly by final salary pension schemes — were receiving margin calls from lenders.Loading chart...Thirdly, the Bank said it would be ready to use its regular Indexed Long Term Repo operations each Tuesday — which allow market participants to borrow BOE cash reserves for six months in exchange for less liquid assets — to further ease liquidity pressures on LDI funds."This permanent facility will provide additional liquidity to banks against SMF eligible collateral, including index linked gilts, and so support their lending to LDI counterparties," the Bank said.Bob Parker, advisor at CBP Quilvest, told CNBC Monday that the new measures would likely assuage market concerns in the short term, but "a number of major problems" remain going into 2023, the first of which is that the Bank of England will need to raise interest rates further."