Tuesday, Dec 29, 2009
The cost of our debt is rocketing, 4.1% now!
Guardian: Gilt yields hit year's high as investors move into shares
I believe that our gilts are now worse than Italy (4% iirc!). Where will this lead us and what'll happen to our interest rates, surely can't stay at 0.5% for much longer now!
Posted by pauly_boy @ 09:19 PM (564 views) Add Comment
2 Comments
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1. techieman said...
i believe that every drop of rain that falls a flower grows...
sorry but i couldn't resist.... off for lunch now might comment on this later, although dont be fooled - the mortgage rates will pay more attention to movements in the long gilt than base.
If only there was a pretty picture to prove it.
2. jack c said...
The Reuters boy's also have a blog running on this topic see
blogs.reuters.com/great-debate-uk/2009/12/29/why-we-need-a-bond-market-crisis/
Interested to hear your views techie as I think this could be the catalyst to the Silver Bulett