Friday, Feb 13, 2009
Gilt(y) as charged
Telegraph: Debt threatend UK AAA credit rating
CDS for UK debt hits 148 - will try to attach a comparative graph below
Posted by bellwether @ 05:15 PM (683 views) Add Comment
5 Comments
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1. bellwether said...
Sorry can't for some reason - but it is part of the attached.
http://www.fleetstreetinvest.co.uk/shares/uk-shares/trends-bullish-bearish-35121.html
Note the UK levels shown on graph are out of date
2. little professor said...
Nice headline :)
3. little professor said...
On Thursday Moody’s split the 18 AAA rated nations, which are normally considered risk-free, into three categories.
Spain and Ireland were classed as the most vulnerable to downgrades because of their struggling economies.
14 other triple A rated countries, which include Germany, France, Australia and Canada, are considered safe from downgrades too because they have been less exposed to the financial crisis, with, in general, more stable housing markets and banking sectors. These countries are classed as resistant to a downgrade by Moody’s.
The third, "resilient" group comprises the United States and the UK, whose ratings are being tested due to a shock to their growth model and large contingent liabilities. Moody's stated: "These countries display an adequate reaction capacity to rise to the challenge. The size of the U.S. and UK economies, financial markets and capital flows and relative debt levels to growth mean policymakers have more scope to loosen fiscal policy without endangering the public finances too much."
4. debtfree said...
Gilt(y) as charged
Love it.
5. stillthinking said...
This will be the change. I read something the other day that when the BoE starts buying gilts they will push the yield to zero, and I thought rubbish. Only if the pension funds can cover everything, which they can't.