December 31, 1969
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 10-year gilt fell 6.9 basis points to 4.435 percent, and ...
UK economy fears raise gilt prices, lower yields
by Brian TurnerIn 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 10-year gilt fell 6.9 basis points to 4.435 percent, and ...