Thursday, Apr 02, 2009
Gilts glut
Bloomberg: Gilt 30-Year Sale Haunted by ‘Ghost’ of 40-Year U.K. Auction
UK government is backing off from issuing 40 year gilts. Today there is a 30 year issuance, presumably they have done their sums are confident of getting them away. As events move on average gilt maturity will shorten. Two aspects of this, one is that auction prices will become more sensitive because as the maturity shortens the number of auctions/borrowed pound increases, and there is a current technical depression of shorter maturity gilt yields as investors seek to get out of long-dated positions.
Posted by stillthinking @ 11:21 AM (280 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.