Excerpt from: Bonds and Interest Rates CFDs and Spread Bets
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| March 20, 2007 | | Spread bets and CFDs should favour more rate increases this year | Inflation keeps increasing in the U.K., and this means that the Bank of England is likely to continue raising interest rates this year. Spread betting and contracts for differences should consider favouring more interest rate increases for the year. Bloomberg reports on the likely interest increases:
Interest-rate futures suggest the BOE's policy makers will
raise borrowing costs twice more this year to stem inflation. The
yield on the U.K.'s June contract rose 5 basis points to 5.72
percent today. | | |
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