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)
2 thoughts on “House Prices to Blame?”
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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.
fallingbuzzard says:
Base rate plus 2.5%