Gilts and other high-quality bonds continue to gain on outlook for lower UK interest rates...............
A very unhappy anniversary.................. July’s CPI report, published earlier this week, showed prices accelerating to a 4.4% year-on-year rate from 3.8% in June, a rate that translates to 5.0% when measured by the broader Retail Price Index.
Bonds prices generally firmer on softer outlook for interest rates, but mark-to-market losses on PIBS holdings impact overall valuation.................
Coupons, yields, puts, calls and duration ..... arcane jargon or need-to-know? To help you navigate the world of bonds, we have put together a series of articles explaining what the private investor needs to know.
Click here to enter the Fixed Income University.......