UK government bond trading volume gets a huge Brexit boost



The volume and value of UK government bonds changing hands since Britain's decision in June to leave the European Union has soared by as much 400 percent, figures on Tuesday showed.
The frenetic trading in UK sovereign debt comes as investors try to chart a path through the uncertain outlook for British economic growth, inflation and interest rates in the coming months and years after the June 23 Brexit vote.
Figures from Trax, a subsidiary of MarketAxess, show that the daily average value of 10-year gilts traded since June is 4.9 billion pounds, almost five times higher than the daily... read more

 
11 October 2016 in Business, Views: 71
Source: Reuters
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