Wednesday, December 8, 2010
Oh dear…
US Treasuries hit by biggest sell-off since Lehman
US Treasuries suffered their biggest two-day sell-off since the collapse of Lehman Brothers, following a torrid month that has seen borrowing costs for western governments soar. Germany, Japan and the US have all seen their benchmark market interest rates rise by more than a quarter in the past month while the UK’s has risen by nearly a fifth.
Posted by hpwatcher @ 09:14 PM (913 views)
3 thoughts on “Oh dear…”
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Gigo says:
We may be about to get the trigger for the UK HPC.
general congreve says:
Well, we are moving into recovery, so the higher interest rates these bond sales will bring about will be a good thing, as they will prevent the economy overheating again, surely?
mark wadsworth says:
Gilt or T-bond charts for the past six months or show that there was a mini bubble, but whether this is just a technical wobble or whether it means that interest rates really are going up at long last (hurray! our interest income will cover our rent again! house prices will go down!).