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...But he said he did not think recent readings had “really changed the overall story” of price pressures easing to 2 per cent....
...Mary EvansHeathfield, East Sussex, UK...
...That’s because for investors who own gilts outside tax wrappers, income tax is payable on the coupon — the fixed cash payment issued every six months — but there is no tax on any increase in the gilt price...
...Sustained dollar strength could cause problems for countries looking to cut rates without undermining their currencies and accelerating price rises....
...Mary Perkins jokes that if you were to cut Specsavers’ workers open, “they’ve got green blood”....
...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 price of gold has surged to a record high, driven by growing expectations of US interest rate cuts, investors hunting for haven assets and months of prodigious buying by central banks and Chinese investors...
...The probability of the first 0.25 percentage point cut being delivered by June rose from about 50 per cent to 60 per cent, with traders moving to price in three cuts by the end of the year....
...But not everyone believes gold prices are heading for a fall....
...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...
...Markets continue to price around three quarter point cuts this year....
...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...
...in producer prices, viewed as a leading indicator of consumer price inflation....
...For existing bonds, your platform will show the price of the bond and the coupon rate, but the annualised return you will receive if you hold it to maturity is harder to gauge if the price differs significantly...
...Retail investors will be given the average price of the auction and will not have to pay any dealing fees, unlike for gilts bought through platforms in the secondary market....
...“If the recent trend of higher energy and commodity prices continues, then it has the potential to cause a rerun of the 2022 financial market environment, which was a grim time for bonds and risk assets...
...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....
...The rate is the markets’ assessment of annual price growth over the second half of the next decade....
...Traders in swaps markets moved to price at least three cuts by the end of the year, up from two or three cuts ahead of the Treasury select committee hearing....
...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,...
...Money managers at Pimco, JPMorgan Asset Management and T Rowe Price have all increased their exposure to European government debt in recent weeks....
...In practice, however, it’s all a bit more complicated . . . those who know more about this than me, any thoughts to mary.mcdougall@ft.com will be warmly received....
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