babesagainstmachines Posted June 22, 2010 Share Posted June 22, 2010 No one seems to have mentioned it yet. Bond market seems to like the budget. Quote Link to comment Share on other sites More sharing options...
Deckard Posted June 22, 2010 Share Posted June 22, 2010 I watch the 10yr BTP / 10yr gilts spread as an indication of the market's current perception of UK sovereign risk versus the PIIGS. This spread is pretty much unchanged at around 50 bps after the budget. Six months ago, pre-Greece, the spread went negative for a short time. It appears that overall the budget is perceived as being in line with expectations. Cable bounced back a tad, but nothing major. Quote Link to comment Share on other sites More sharing options...
plummet expert Posted June 22, 2010 Share Posted June 22, 2010 (edited) I watch the 10yr BTP / 10yr gilts spread as an indication of the market's current perception of UK sovereign risk versus the PIIGS. This spread is pretty much unchanged at around 50 bps after the budget. Six months ago, pre-Greece, the spread went negative for a short time. It appears that overall the budget is perceived as being in line with expectations. Cable bounced back a tad, but nothing major. That's because he has become flexcable The Gilts market will not make up its mind today. It depends on whether the cuts are actually enough and whether the public sector folk will accept without big disruptions. That's for the autumn. Edited June 22, 2010 by plummet expert Quote Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted June 22, 2010 Share Posted June 22, 2010 No one seems to have mentioned it yet. Bond market seems to like the budget. yep fix your mortgage pronto Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 22, 2010 Share Posted June 22, 2010 Will the bond markets panic when the deficit fed GDP figures start turning negative again? Quote Link to comment Share on other sites More sharing options...
Guest spp Posted June 22, 2010 Share Posted June 22, 2010 NO FIAT MONETARY SYSTEM CAN SURVIVE WITHOUT THE CONTROL AND MANIPULATION OF GOLD AND SILVER! Time is running out! Quote Link to comment Share on other sites More sharing options...
aa3 Posted June 23, 2010 Share Posted June 23, 2010 (edited) I think the 10 year yield will gradually head down over the coming years. 3.5%.. sure doesn't seem like the bond market is pricing in inflation. Edited June 23, 2010 by aa3 Quote Link to comment Share on other sites More sharing options...
proprlyst Posted June 23, 2010 Share Posted June 23, 2010 Any ideas what has happened to they yield curve? It will be interesting to see what also happened to the short end the yield curve. Quote Link to comment Share on other sites More sharing options...
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