NUMBERS ARE PEOPLE COCK-UP BEFORE CONSPIRACY • CITE PRIMARY SOURCES OR GO HOME


Monday 25 January 2010

BOND SALE WIN, INTEREST RATE FAIL

The FT reports that our new private offering of government debt has gone down really well.  More details here.

It also notes, however, that we're likely to pay 6.12% interest rate (you read that correctly) on these 5-yr bonds. I guess I can see the attraction.

To put this into perspective, have a look at what I would have to pay on a mortgage in the UK. Yes, you read well again.

No comments:

Post a Comment

Please remember that I am not notified of any comments and will not respond via comments.

Try to keep your criticism constructive and if you don't like something, do tell me how to fix it. If I use any of your suggestions, you will be duly credited.

Although I'm happy to entertain criticism of myself in the comments section, I will not tolerate hate speech. You will be given a written warning and after that I will delete further offending comments.

I will also delete any comments that are clearly randomly generated by third parties for their own promotion.

Occasionally, your comments may land in the spam box, which may cause them to appear with a slight delay as I have to approve them myself.

Thanks in advance for your kind words... and your trolling, if you are so inclined.