Thank you for all the entries – we had twice as many as last year’s bumper haul, and the average mark is creeping up too. The answers are shown below. Here are the winners – there’s an extra runners-up prize…
Yearly Archives: 2009
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The Bond Vigilantes Christmas Quiz – the answers and the winners
- Topics
- Christmas Quiz
Posted December 21st, 2009
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British Airways, strikes, and a final Christmas competition reminder
- Topics
- BB rated, high yield
Posted December 16th, 2009
As BA goes to court to try to stop the 12 Days of Christmas strike by its UNITE cabin crew members, I dug out the paper mentioned in the Times yesterday about the impact of striking on workers’ pay. The…
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Gilt supply update: back to a world of issuance exceeding buybacks
- Topics
- gilts, quantitative easing
Posted December 15th, 2009
In last week’s Pre-Budget report, UK Chancellor Alistair Darling announced that gilt issuance for the current financial year would total £225.1bn – a shocking and record figure, although not far off the £220bn that was originally planned in this year’s…
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In under a month’s time, the UK’s emergency VAT reduction from 17.5% to 15% will be reversed. This will not only cause a blip upwards in inflation rates (most of the CPI basket apart from food attracts the tax) but…
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Here is this year’s Christmas Quiz. Please email us your entries by 5pm on Friday 18 December. First prize is £100 of Amazon vouchers and there are 4 copies of "Too Big To Fail" by Andrew Ross Sorkin (in which…
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The behaviour of the US Dollar over the past few days has left investors a bit stumped, and the FT have been asking the same question in today’s Short View column. Friday of last week saw the biggest rally in…
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Let’s sit down and discuss your performance Mervyn…
- Topics
- CPI, MPC, quantitative easing
Posted December 1st, 2009
Six years ago this month, Gordon Brown, who was Chancellor of the Exchequer at the time, set the Monetary Policy Committee (MPC) an inflation target of 2.0% for the Consumer Prices Index (CPI). Additionally, if the inflation target is missed…
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With only four more days of moustache shame left to endure, the M&G team is up to around £6000 raised for The Prostate Cancer Charity. With some offline donations and a generous contribution from M&G still to be added on,…
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A couple of weeks ago I went on an incredibly useful trip to Frankfurt, where I met with some key policy makers from the European Central Bank and the Bundesbank, and discussed a range of issues including the timing of…
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The original ‘Bond Vigilantes’ were the bond investors who reacted to authorities’ loose monetary or fiscal policies by forcing sovereign bond yields higher, thus punishing central banks or governments by increasing the cost of issuing further debt. Right now, the…










