Tuesday, February 9, 2010

House Prices to Blame?

U.K. 10-Year Yields Near Highest This Month on Supply Concern

"U.K. 10-year bonds fell after a report showed house-price gains last month topped economists’ predictions, fueling concern that the government may struggle to sell record amounts of debt as inflation accelerates. The drop pushed the 10-year security’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".

Posted by alan @ 09:47 PM (776 views)
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2 thoughts on “House Prices to Blame?

  • tenyearstogetmymoneyback says:

    Interesting figures

    “The yield on the 10-year security rose 1 basis point to 3.95 percent as of 3:45 p.m. in London, after earlier climbing to 3.99 percent”

    So if you can get 3.95% on a Government Backed Gilt what return will people want from a dodgy mortgage.

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  • fallingbuzzard says:

    Base rate plus 2.5%

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