Thursday, Dec 24, 2009

Hey, the secret is out!

WSJ: Britain’s Cost of Borrowing Rises

"Investors are demanding more these days in return for lending to the U.K. government. That’s bad news for Britain, which has a lot of borrowing to do — in the form of selling bonds". "Some worry that government bond yields could rise sharply next year, or even spike, hiking up Britain’s borrowing costs. Here’s why: For months now, the U.K.’s central bank has been buying mostly government bonds in a bid to pump up the economy. That is keeping bond prices artificially high and yields relatively low. The fear is that once Bank officials withdraw their hand from the market — which could possibly happen next year — yields may jump up".

Posted by alan @ 02:42 PM (1703 views)
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8 Comments

1. Dave said...

I wouldn't call it a secret, maybe the worst kept secret in the world! it's just another sign post on the road to Sovereign debt default.

Thursday, December 24, 2009 04:29PM Report Comment
 

2. estrader said...

http://www.youpolls.com/details.asp?pid=6697

Thursday, December 24, 2009 04:52PM Report Comment
 

3. crunchy said...

What a dilemma one is in when at odds with your countries well being.

Thursday, December 24, 2009 06:49PM Report Comment
 

4. fallingbuzzard said...

Only if you're a socialist

Thursday, December 24, 2009 10:26PM Report Comment
 

5. tick tock said...

....Or a Nationalist....or anybody else who might remotely put the concerns of their Country before that of their own bank balance, ay buzzard.

Thursday, December 24, 2009 10:53PM Report Comment
 

6. inbreda said...

F that ticktock. No need to be a pansy. What has this country ever done for me? In the words of the great Zounds: "Was it for people like this that Winston won the war?"

Friday, December 25, 2009 12:30AM Report Comment
 

7. devo said...

every man for himself!

women and children first!

Friday, December 25, 2009 12:39AM Report Comment
 

8. tick tock said...

Was it for people like this that Winston won the war?"

And how many battles do you think were won in that war as a result of us holding a"What has this country ever done for me" or a "every man for himself" attitude? It wasn't Winston that won the battles.

Friday, December 25, 2009 10:22AM Report Comment
 

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