Apr
10
In the know
Posted by admin
Gilts
Gilt prices fell as investors, heartened by encouraging news from financials,
including reports that Washington Mutual Inc is close to securing a $5
billion cash infusion, opted for equity markets. The June long gilt future
settled 42 ticks down at 109.98. Yields on ten-year benchmark gilts were
five basis points up at 4.505 per cent.
Rumour of the day
Rightmove, the website for selling houses, lost 18%26frac12;p to 469%26frac34;p after it was
reported at the weekend that the number of estate agency office closures had
more than doubled to about 10 per cent. Rightmove should benefit from estate
agents shifting advertisements from newspapers, but not if the overall
number of offices falls faster.
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