The Great Debate

Don’t buy this index-linked debt

June 3, 2009

REUTERS— Neil Collins is a Reuters columnist. The views expressed are his own —

This rather odd chart from Monument Securities says something curious — — It shows that British investors (or at least the buyers of UK Government index-linked gilts) are much keener to buy protection against inflation than the holders of French and U.S. government bonds.

Bond market vigilantes saddle up

By J Saft
April 10, 2009

jimsaftcolumn— James Saft is a Reuters columnist. The opinions expressed are his own —

Efforts to reflate the economies of the U.S. and Britain are running into one potentially major problem; the bond market.