Wednesday, Dec 30, 2009
Will rising gilts yields push up mortgage costs?
This is money: Gilts surge to one-year high
Gilt yields have surged to a one-year high of 4.11% as investors turned their noses up at government debt. The rise could also spell trouble for rates offered to consumers ... The swap rate market, which influences the cost of fixed rate mortgages, has seen a significant move up in recent weeks.
Posted by quiet guy @ 01:06 PM (894 views) Add Comment
4 Comments
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1. alan said...
The news comes as the personal debt in France hits an all time high.
What's happening? Everyone seems to be spending money they haven't got. Angela Merkel has just announced an enormous "re-stimulation plan" - and all this from the normally sensible Germans!
Do they know something we don't? ...or are they releasing the news when everyone is out at the sales?
2. fallingbuzzard said...
They know that we're in depression territory. They think they know which levers to pull to get us out of it, at least technically if not actually. They think that there are levers which can be pulled.
3. estrader said...
"They think that there are levers which can be pulled" - Brilliant! *LOL*
I get the feeling that all fiat currency will be utterly worthless byt the end of this. People will be demanding gold in exchange for goods and services...and people think Mugabe is crazy...!
4. alan_540 said...
I dunno, the Fiat 500 Arbarth has a long waiting list... they must be worth something.