Thursday, June 25, 2009
Bank Of England Gilt Buyback Issues Escalating
Posted by
Tyler Durden
at
11:34 AM
The Bank Of England has announced that it is excluding the 5% 2014 and 8% 2021 gilts from buybacks until notice. As this is likely indicative of the major weakness in the gilt curve, the US better sell all the 5-12 year comparable Treasuries it can asap.
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