Realistbear Posted December 15, 2010 Share Posted December 15, 2010 http://uk.finance.yahoo.com/news/UK-gets-solid-demand-sale-reuters_molt-1900866294.html?x=0 12:52, Wednesday 15 December 2010 LONDON ( Reuters ) - Britain found solid investor demand at a sale of 3.5 billion pounds ($5.48 billion) of January 2016 gilts, which are likely to become the five-year benchmark next year. Investors submitted bids totalling 1.93 times the volume of gilts offered by the UK Debt Management Office, a shade lower than the 2.00 cover ratio achieved when the gilt was launched on November (Berlin: NBXB.BE - news) 2. The yield tail was a little longer at 0.6 basis points versus 0.4 basis points at the last sale, also indicating slightly weaker demand . International confidence in the Koalishon still quite solid. No IR hikes caused by bond market yet. Quote Link to comment Share on other sites More sharing options...
leicestersq Posted December 15, 2010 Share Posted December 15, 2010 http://uk.finance.yahoo.com/news/UK-gets-solid-demand-sale-reuters_molt-1900866294.html?x=0 12:52, Wednesday 15 December 2010 LONDON ( Reuters ) - Britain found solid investor demand at a sale of 3.5 billion pounds ($5.48 billion) of January 2016 gilts, which are likely to become the five-year benchmark next year. Investors submitted bids totalling 1.93 times the volume of gilts offered by the UK Debt Management Office, a shade lower than the 2.00 cover ratio achieved when the gilt was launched on November (Berlin: NBXB.BE - news) 2. The yield tail was a little longer at 0.6 basis points versus 0.4 basis points at the last sale, also indicating slightly weaker demand . International confidence in the Koalishon still quite solid. No IR hikes caused by bond market yet. I thought that the yield on the 5 year was rising today? http://noir.bloomberg.com/apps/quote?ticker=GUKG5:IND Quote Link to comment Share on other sites More sharing options...
General Congreve Posted December 15, 2010 Share Posted December 15, 2010 I thought that the yield on the 5 year was rising today? http://noir.bloomberg.com/apps/quote?ticker=GUKG5:IND Yeah, I heard our borrowing costs went up by around 25% the other day thanks to rising bond yields? That said, for the meantime, we seem to be the best of a bad bunch, if you don't peep behind the curtain, so it wouldn't surprise me if bond investors prefer our bonds at the moment. Quote Link to comment Share on other sites More sharing options...
RichM Posted December 15, 2010 Share Posted December 15, 2010 BoE bought them all? Or the Fed? What's the yield on these bonds? Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted December 15, 2010 Share Posted December 15, 2010 What better place to sink your money? With a deficit close to £500m a day I cannot think of anywhere myself! BTW does anyone know where I can buy some magic beans? I quite fancy growing my very own beanstalk to riches... Quote Link to comment Share on other sites More sharing options...
Misanthrope Posted December 15, 2010 Share Posted December 15, 2010 I thought that the yield on the 5 year was rising today? http://noir.bloomberg.com/apps/quote?ticker=GUKG5:IND It is. 3.5bn is miniscule in the scheme of things. Cover falling. Demand is date shortening all the time. UK will still get it's day of judgement. And rightly so. Quote Link to comment Share on other sites More sharing options...
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