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View Full Version : UK 10-Year Yield Drops to Lowest Since 1989 on Bank Concern - Bloomberg



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03-09-2009, 11:00 AM
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UK 10-Year Yield Drops to Lowest Since 1989 on Bank Concern (http://news.google.com/news/url?sa=T&ct=us/5-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DaZG1AdBF_rH4%26refer%3Dhome&cid=1313070362&ei=xS-1SciiB4XOQPHLtPQF&usg=AFQjCNG6rAG0MbdGI_OGC1Ce20tJ6dybbw)
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 2.3 percent to $1.3769 as of 12:55 pm in London. ...


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