LONDON GILTS
Improvement In Prices
(N.Z.PA.-Reuter—Copyright) LONDON, May 27.
The gilt edged market gave a good performance during the week in spite of the U.K. seamens strike. At no time was business on a large scale but buyers were around on most days and with few sellers a consequent shortage of stock in the market brought a steady improvement in prices. The institutions were reported buyers and it was believed that the banks were buying high-coupon shortdated stocks, but gains seldom exceeded one quarter. A noteworthy development at the long end of the market was the increase in the government broker’s "tap” price of funding 6 per cent 1993 which was raised by 1-8 to 90 5-16. Dominion stocks tended to harden with gilts. Central Africans showed little change.
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Bibliographic details
Press, Volume CVI, Issue 31071, 28 May 1966, Page 22
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129LONDON GILTS Press, Volume CVI, Issue 31071, 28 May 1966, Page 22
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