Tuesday, February 9, 2010
House Prices to Blame?
"U.K. 10-year bonds fell after a report showed house-price gains last month topped economistsâ€™ predictions, fueling concern that the government may struggle to sell record amounts of debt as inflation accelerates. The drop pushed the 10-year securityâ€™s yield near the highest this month as global gains by stocks cut demand for the perceived safety of fixed income. The U.K. sold 2 billion pounds ($3.1 billion) of bonds today, part of 225.1 billion pounds of sales planned for the fiscal year through March".