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View Full Version : UK 10-Year Gilt Yield Drops to Record Low on Banking Concern - Bloomberg



NewsWhore
03-09-2009, 08:50 AM
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UK 10-Year Gilt Yield Drops to Record Low on Banking Concern (http://news.google.com/news/url?sa=T&ct=us/3-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Da3GyfKeqKBOw%26refer%3Dhome&cid=1313109389&ei=WRG1Sc_2KZzqQqK6gPwF&usg=AFQjCNG1qnAyc3jEVh-PgyWcF_qP_J_Sjg)
Bloomberg
“Banking stocks in the UK are under pressure today,” said Steven Barrow, head of G-10 currency research at Standard Bank Plc in London. “That backdrop is negative for sterling.” The pound dropped 1.5 percent to $1.3881 as of 11:42 am in London. ...


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