Britain is proposing to revive “perpetual gilts,” first used in the wake of the 1720 South Sea Bubble crisis, to allow the government to borrow for as long as possible at record-low rates, according to two people familiar with budget discussions.
Sept. 10 (Bloomberg) -- John Wraith, a fixed-income strategist at Bank of America Merrill Lynch, discusses the European Central Bank's new bond-purchase program and the prospects for the Dutch elections. He speaks with Mark Barton on Bloomberg Television's "Countdown." (Source: Bloomberg)
The government bonds of Spain, Italy and Ireland rose this week, pushing the nations’ 10-year yields to record lows, as improving economic data and the prospects of additional European Central Bank stimulus buoyed demand.