Bond Market Is Jettisoning U.K. Negative-Rate Bets Ahead of BOE
Jan 30 2021, 3:39 PM
January 30 2021, 10:30 AM
January 30 2021, 3:39 PM
(Bloomberg) Traders are scrapping bets that the U.K. will implement negative rates this year, calling time on one of the most popular wagers of 2020 ahead of a Bank of England meeting thatâs expected to address the debate.
(Bloomberg) Traders are scrapping bets that the U.K. will implement negative rates this year, calling time on one of the most popular wagers of 2020 ahead of a Bank of England meeting thatâs expected to address the debate.
As the central bank readies its first policy decision since an eleventh hour Brexit trade deal, investors have all but priced out the possibility of the BOE cutting borrowing costs below zero. Money-market levels now imply no more than a risk of the bank rate turning negative within the next year, and even then, the extreme is seen at a mere two basis points beneath zero. That contrasts with b
By Sam Goldfarb and Joanne Chiu The yield on the benchmark 10-year U.S. Treasury note rose above 1% for the first time since March on Wednesday, reflecting increased bets on additional fiscal.
By Sam Goldfarb and Joanne Chiu The yield on the benchmark 10-year U.S. Treasury note rose above 1% for the first time since March, after returns from Georgia s closely watched runoff.
Dec 15 2020, 3:32 PM
December 14 2020, 12:02 AM
December 15 2020, 3:32 PM
(Bloomberg) The pound posted its biggest gain in almost two months and bonds plummeted after the U.K. and European Union agreed to continue negotiating, keeping hopes for a trade agreement alive.
(Bloomberg) The pound posted its biggest gain in almost two months and bonds plummeted after the U.K. and European Union agreed to continue negotiating, keeping hopes for a trade agreement alive.
Sterling climbed as much as 1.7%, leading gains among all currencies tracked by Bloomberg, to $1.3446 after U.K. Prime Minister Boris Johnson and European Commission President Ursula von der Leyen agreed to go the âextra mileâ and keep working on a post-Brexit accord. The EUâS chief negotiator Michel Barnier later told a private meeting of ambassadors that a trade deal with the U.K. could be completed as soon as this week.