Wednesday, 25 March 2009

Top of the Gilt/Bond market?

With the UK Gov. failing to successfully auction it's latest issue of long dated bonds (the first time since 1995) and the US treasury forcing the market up with Bernanke's first long dated purchases, does this represent the top of the market?

Bernanke's purchases could be the mirror image of Gordon Brown's decision to sell gold at the bottom of that market in 1999.

No comments:

Post a Comment