The Conservative Party

bobmcfc said:


Anyone translate ? Sounds ominous

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The tweet is in fact wrong - the BoE were not intending to sell index-linked bonds back to the market. But today’s actions by the BoE are still very significant.

There are two main types of uk government bond/gilt (two key types) - conventionals and linkers. Conventionals are plain bonds, as the name suggests, and the value of linkers is determined by the profile of inflation over time. These are essentially inflation protected as they are explicitly linked to the RPI, and previously the BoE has concentrated on buying conventional gilts as part of their QE programmes and interventions, rather than linkers.

Today’s move to buy linkers is therefore significant, as the market dis-function had been seen to spread to linkers as well, so it’s now seen as a broader problem across gilts, rather than one just impacting longer dated conventionals.

Bottom line is that Truss will have to go, but we knew that already.
 
Brewster's millions said:
The tweet is in fact wrong - the BoE were not intending to sell index-linked bonds back to the market. But today’s actions by the BoE are still very significant.

There are two main types of uk government bond/gilt (two key types) - conventionals and linkers. Conventionals are plain bonds, as the name suggests, and the value of linkers is determined by the profile of inflation over time. These are essentially inflation protected as they are explicitly linked to the RPI, and previously the BoE has concentrated on buying conventional gilts as part of their QE programmes and interventions, rather than linkers.

Today’s move to buy linkers is therefore significant, as the market dis-function had been seen to spread to linkers as well, so it’s now seen as a broader problem across gilts, rather than one just impacting longer dated conventionals.

Bottom line is that Truss will have to go, but we knew that already.
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Thanks
 
The term ‘anti-growth coalition’ being used in the House today a lot from the Tory frontbenchers. Obvious been told to push that !!!
 
blue for life said:
The term ‘anti-growth coalition’ being used in the House today a lot from the Tory frontbenchers. Obvious been told to push that !!!
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The biggest ‘anti-growth coalition’ is the Tory frontbench. Hiked up mortgage rates, hiked up cost of Govt borrowing, and won’t (for example) increase benefits in line with inflation which would put money in peoples pockets to spend on essentials and therefore increase growth. The biggest driver of the economy is consumer spending. That and increased immigration, because that means more people and what do more people do? Spend more money!

No wonder markets are pricing in a double moron factor with this lot.
 
blue for life said:
The term ‘anti-growth coalition’ being used in the House today a lot from the Tory frontbenchers. Obvious been told to push that !!!
Click to expand...
If they think that is cutting through with the public they are wrong , they are on their own and pushing this lie makes them stand out , people have a lot of things to worry about and a catchy new slogan is not going to land
 
kaz7 said:
If they think that is cutting through with the public they are wrong , they are on their own and pushing this lie makes them stand out , people have a lot of things to worry about and a catchy new slogan is not going to land
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Yep. People won’t fall for it. They have had enough!
 
And I thought the Mahrez miss and the Gomez red card was bad….

‘BREAKING: BOE GOV. BAILEY: MY MESSAGE TO PENSION FUNDS IS THAT YOU ONLY HAVE THREE DAYS TO GET THIS DONE.’ @financialjuice
 
Times with the BoE news…

’Andrew Bailey, the governor of the Bank of England, says that the emergency intervention in the bond markets WILL come to an end on Friday

He tells pension funds, which are heavily invested in UK debt: 'You've only got three days left now. You've got to get this done'
 
What’s the betting the Govt falls this week? Evens I’m going for. Probably the same odds as Mahrez missing a penalty that matters.
 
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