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M&G Bond Vigilantes Christmas Quiz 2014

Here is the 8th annual Christmas Quiz. 20 questions, and the closing date for entries is midday on Tuesday 23rd December. Please email your answers to us at bondvigilantes@mandg.co.uk. The winner will get to choose a charity to which we will donate £200. He or she will also get a copy of “Anger is an Energy”, John Lydon’s new autobiography. Four runners up will also get a copy of the book. Good…

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The Signal and the Noise – why local weather forecasters get it wrong, and what it means for those big market calls

I’ve finally got round to reading Nate Silver’s The Signal and the Noise. It’s a brilliant analysis of why forecasts are often so poor, from the man who called every state correctly in the 2012 US presidential election. In short, predictions are often poor because they are too precise (asserting an absolute outcome rather than assigning probabilities to outcomes); there’s often a bias to overwe…

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Win a place in the Prudential RideLondon-Surrey 100 bike ride!

We have two exclusive places available for the Prudential RideLondon-Surrey 100 on Sunday 10 August 2014! Those of you who rode it in 2013 will know what an incredible day out it was. Starting in the Queen Elizabeth Olympic Park, this is a tough 100 mile cycle on closed roads through London and out to the famous climbs of the Surrey Alps before returning to the capital and finishing on the Mall…

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Japan hikes consumption tax in April – will retail sales spike in March, only to collapse afterwards?

Next month, Japan will raise its consumption tax from 5% to 8% as a step towards reducing the nation’s 200%+ debt to GDP ratio by moving towards a budget surplus in 2020.  This may be the first of two hikes in the sales tax, with a further rise to 10% planned for October 2015.  Prime Minister Abe has said that the second hike will be dependent on an economic recovery, rightly realising that onl…

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2013 Bond Vigilantes Christmas Quiz – the answers and the winners

Thanks for all the entries to the 2013 quiz. The winner is Adam Weidner who gets to choose where we send a £200 charity donation, and a copy of Morrissey’s autobiography. We’ll be in touch, and tweet the charity name on @bondvigilantes. The five runners up who win a Moz book are Jonathan Moore, Mark Nelson, Adrian Coates, Joshua Giersch and Richard Milne. Have a great 2014.

1. “The band the Bea…

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M&G Bond Vigilantes Christmas Quiz 2013

It’s late this year. Sorry. Here’s the 7th annual Christmas Quiz. 20 questions, and the closing date for entries is midnight on Monday, 23 of December 2013. Please email your answers to us at bondvigilantes@mandg.co.uk.

The winner will get to choose a charity to which we will donate £200. He or she will also get a copy of Morrissey’s autobiography, as will 5 runners up. It’s laugh out loud, you…

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Bond book competition winners: the UK Exchequer 12% 2017-13 is the highest coupon gilt still outstanding

Still outstanding, but probably not for long.  Although this gilt has a maturity date on 12th December 2017, there is a call option for the government at par (100) on 12th December this year (hence the 2017-13 date), and given the current price of the bond is well above par (108-ish) it will get redeemed, unless they forget.  This is what’s known as a “rump” stock.  Although it was once a £1 bi…

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Competition: win one of 20 copies of The Sterling Bonds and Fixed Income Handbook

Mark Glowrey has written an excellent guide to the UK’s bond markets, covering everything from gilts, linkers, corporate bonds and high yield, to dealing, settlement, tax and covenants. There’s also some great bond market history and anecdote – I like the story of the two brothers who worked as bond brokers at the London Stock Exchange. Both had been awarded the Military Cross in World War 2, b…

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M&G Bond Vigilantes Christmas Quiz 2012: the winners and the answers!

It was a tough quiz this year – sorry. Here are the answers for you. The winner was Mike Haslam of Barclays Wealth who scored 20 out of 20. Congratulations – please let us know which charity you’d like to nominate for the £200 donation from us. The nine runners up, who like the winner receive a copy of Philip Coogan’s excellent book Paper Promises are:

Sam Morton, Mizuho International
Matthew R…

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M&G Bond Vigilantes Christmas Quiz 2012

For the sixth year in a row, we bring you the Bond Vigilantes Christmas Quiz. As always there are 20 questions, and the closing date for entries is midnight on Thursday 20th December 2012. Please email your answers to us at bondvigilantes@mandg.co.uk.

The prize is, once more, glory. But the winner will also get to choose a charity to which we will donate £200. He or she will also win a hardback…

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