(Bloomberg) -- Gilts fell, pushing yields to the
highest in seven years, on speculation global interest rates will
rise further as central banks attempt to check inflation.
Benchmark U.K. debt fell for a second day after former
Federal Reserve Chairman Alan Greenspan predicted an increase in
U.S. yields yesterday. Gilts extended declines as a government
report today showed unemployment at a 20-month low, which may
quicken inflation and erode the value of bonds' fixed returns.
Read more at Bloomberg Bonds News
highest in seven years, on speculation global interest rates will
rise further as central banks attempt to check inflation.
Benchmark U.K. debt fell for a second day after former
Federal Reserve Chairman Alan Greenspan predicted an increase in
U.S. yields yesterday. Gilts extended declines as a government
report today showed unemployment at a 20-month low, which may
quicken inflation and erode the value of bonds' fixed returns.
Read more at Bloomberg Bonds News
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