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...fall in prices....
...a massively inflated price....
...since the start of the year, reflecting the fall in bond prices....
...“The US is its own special case with very loose fiscal policy and now tight monetary policy, which is a recipe for a stronger dollar,” said Quentin Fitzsimmons, a senior portfolio manager at T Rowe Price...
...Mary Perkins jokes that if you were to cut Specsavers’ workers open, “they’ve got green blood”....
...The UK economy grew for the second month in a row in February, driven by expansion in manufacturing and raising hopes the UK is emerging from a technical recession....
...Complicating the outlook on inflation are surging prices for industrial metals and oil — with Brent crude topping $92 a barrel for the first time since October....
...The CME, where the Comex futures contract for gold is traded, reported a three-month high in a measure of volatility that indicates options traders have been positioning for bullion prices to rise....
...The slowdown in total pay growth across the economy was slightly sharper than analysts had expected — total pay growth was forecast at 5.7 per cent — leading traders to price in a slightly higher chance...
...Prices are still some way below the inflation-adjusted record of well above $3,000 per troy ounce hit in 1980 and some analysts say the current rally shows there is a firm floor under the price....
...And last week, the Commerce Department reported that the personal consumption expenditures price index — the measure of inflation the Fed uses for its target — accelerated at a pace of 2.5 per cent in February...
...Traders in swaps markets moved to price a 67 per cent probability of the first interest rate cut by June, down from 75 per cent chance earlier in the day....
...Core inflation, which strips out volatile food and energy prices, was 4.5 per cent, compared with expectations of 4.6 per cent....
...This article has been amended to make clear that there has been a fall in UK consumer price inflation, not consumer prices...
...Traders in swaps markets moved to fully price three 0.25 percentage point cuts in 2024....
...Mary McDougall...
...Conventional gilts redeem at £100, so if the price quoted is less than that, you will receive a profit when the bond matures....
...in producer prices, viewed as a leading indicator of consumer price inflation....
...The bond can be held within a tax-efficient individual savings account and a self-invested personal pension....
...boosted by a recent surge in oil prices....
...House prices also rose compared with 12 months earlier for the first time in more than a year last month, according to figures published earlier this month by Nationwide....
...Traders in swaps markets are betting on fewer than three quarter-point rate cuts by the ECB this year after strong US inflation data on Wednesday prompted a sharp repricing in interest rate expectations....
...The rate is the markets’ assessment of annual price growth over the second half of the next decade....
...UK government bonds led a global rally on Tuesday as Bank of England governor Andrew Bailey told a parliamentary committee that the UK didn’t need inflation to come back to its 2 per cent target before it...
...European government bond yields surged on Thursday, reflecting a fall in prices, after the downturn in business activity eased in February with the services sector ending a six-month run of contraction,...
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