December 31, 1969

UK economy fears raise gilt prices, lower yields

Permalink: UK economy fears raise gilt prices, lower yields by Brian Turner In the UK on Wednesday, gilt prices rose and yields dropped on a Bank of England report that forecast weaker growth of the economy. The report raised the possibility that the interest rate would be cut by the end of the year. 2-year gilt yields were down nearly 10 basis points to 4.378 percent, while yields on the ...