This Is Money: Bond traders ready gilt sell-off for hung vote
City vultures are waiting to swoop and plunge the economy into turmoil if voters leave Britain saddled with a hung parliament. Bond markets will open at an unprecedented 1am on Friday - three hours after the polls close - because traders want to be able to sell UK gilts and effectively offload their shares in the Government. In a stark warning about the economic consequences if no one party wins a working majority, the futures market Liffe has been forced to open its doors after coming under pressure from investors.
Bond markets will open at an unprecedented 1am on Friday - three hours after the polls close - because traders want to be able to sell UK gilts and effectively offload their shares in the Government.
In a stark warning about the economic consequences if no one party wins a working majority, the futures market Liffe has been forced to open its doors after coming under pressure from investors.
Bond markets will open at an unprecedented 1am on Friday - three hours after the polls close - because traders want to be able to sell UK gilts
Well, so fucking what?
I mean, excuse my French, but why the fuck is the Exchange (which last time I checked was supposed to be a quasi-public institution whose main responsibility is to ensure an orderly and transparent market) cowtowing to such hysterical demands?
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
What it doesn't say - and what is hard to imagine - is the difference in kind that goes with a ten-thousand-fold increase in computational power.
