Tuesday, May 04, 2010
A slight chance of 5% interest when one wakes up on the 7th of May
FT: A British bond market all-nighter
The Gilt market will trade through the night and if the Bond Vigilantes don't like it, it would be 5%++ mortgage the next day
Posted by easybetman @ 04:33 PM (4383 views) Add Comment
11 Comments
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1. Mrhappy said...
yeah, right.
2. mark wadsworth said...
Good stuff. I've got my money in monthly interest paying NS&I bonds, so hiking the rate to 5% would be fine and dandy chez Wadsworth.
3. mrflibble said...
We could wake up to all manor of nasties on Friday. With the bond and future traders pulling an all nighter and the Forex casino open 24/7 anything is possible. They keep telling us that a hung parliament is already factored in, but yet everyone and their mother are out there ready to drop the UK like a hot potato should we get one.
I was hoping to be enticed back towards Sterling with a clean Cameron win, but with the housing elephant sitting in the room the future isn't looking so bright long term. What makes matters worse is out association with Eurodeath - that sucker is going down.
4. mark said...
conservatives will get in now, especially after brown saying he was going to do charity work if he lost election..
5. Crunchy said...
3. mark
Brown has been doing charity work all of his time, for the banks. At least he will be well versed.
I am sure some of the big banks (mention no names) will find a way to reward him for services rendered in some way.
Past performance has shown me that they are good at that. What's Tony doing these days? Right, too complicated!
6. alan said...
The Euro is going through a funny stage right now. This could give the incoming UK government (of whatever colour) a chance to sort things out quickly.
What might be done has been carefully obscured during the election with lots of discussion on Inheritance Tax bands, Tax Credits and "revitalising" UK industry.
Its a roulette wheel waiting for most of us....I guess Goldman Sachs knows what will happen and has bet accordingly.
7. tenant super said...
We could wake up to all manner of nasties on Friday, or we could wake up with resigned apathy thinking "same $h!t, different day".
8. Take Cover said...
Time to short bonds
9. clockslinger said...
If on Friday morning interest rates are 5% I'll know I'm still asleep or watching a HPC "what if" video. Can we have a bit of realism instead of this circle jerk wishful thinking please, because, as they say, some people (including me) may make important decisions influenced in part by stuff they see on web sites like this...However, hopefully not anymore based on recent strike rate of learned opinions offered!
10. drewster said...
The punters on Betfair are currently favouring a hung parliament, but it's very close. The odds of a Labour victory are 60:1.
11. Lawyer said...
What's Gordon got against charities? Ok I acknowledge that's a bit unfair.