government-bonds
InvestingAnalysis-UK Bond Market Crash Takes Shine Off Big Bang Plans for London
Top StoriesEuro Zone’s Negative-Yielding Debt Pile Has Almost Disappeared
Top StoriesAnalysis-Britain’s Budget Bomb Still Ticking Despite Tax U-Turn
Top StoriesUK Bond Liquidity Barely Improves After BoE Intervention – ING
Columbia Threadneedle, Mercer Warned BoE on Gilts
Date: September 28, 2022
By Carolyn Cohn LONDON (Reuters) -Investment manager Columbia Threadneedle and pension consultants Mercer warned the Bank of England about the impact on pension schemes of recent gilt market moves, they told Reuters on Wednesday. The Bank of England said earlier on Wednesday it would buy as many long-dated government bonds as needed between now and...
Bank of England to Buy 65 Billion Pounds of UK Bonds to Stem Rout
Date: September 28, 2022
By David Milliken LONDON (Reuters) -The Bank of England stepped into Britain’s bond market on Wednesday to stem a market rout, pledging to buy 65 billion pounds ($69.4 billion) of long-dated gilts after a government fiscal statement triggered the biggest sell-off in decades. Citing potential risks to UK financial stability, the BoE also said it...
UK 30-year Yields Hit Highest Since 2002, Extending Post-Tax Cuts Surge
Date: September 27, 2022
LONDON (Reuters) -Yields on British government debt surged to new multi-year highs on Tuesday, led by 20 and 30-year bonds, adding to their steep climb since finance minister Kwasi Kwarteng announced sweeping tax cuts last week. Thirty-year gilt yields soared to their highest since 2002, ending the session a whisker below 5%, roughly double their...
Calls Grow for UK to Reverse Fiscal Policy After Market Turmoil
Date: September 27, 2022
By Andy Bruce and Kate Holton LONDON (Reuters) -The Bank of England is likely to deliver a “significant” rate hike at its next meeting in November after finance minister Kwasi Kwarteng’s tax cut plan unleashed turmoil in financial markets, BoE Chief Economist Huw Pill said on Tuesday. After the pound touched an all-time low of...
Euro Zone Yields at Multi-Year Highs, Italian Bonds Underperform
Date: September 26, 2022
By Stefano Rebaudo (Reuters) -Euro zone government bond yields jumped to multi-year highs amid expectations that central banks will keep tightening their monetary policy despite recession risks and a new sell-off in British gilts. Meanwhile, the spread between Italian and German yields widened after the rightist coalition won a clear majority in Sunday’s elections. Italian...
UK Gilts Suffer Biggest Collapse Since March 2020 Meltdown
Date: September 22, 2022
LONDON (Reuters) – British government bond prices plunged on Thursday in their biggest daily drop since the COVID-19 meltdown of March 2020, reflecting global market moves and bond investors’ unease around the economic plans of Prime Minister Liz Truss. While it was a bad day for major government bond markets around the world following the...