GSC firmer
Government stock futures rose strongly for the second day in a row yesterday, as futures dealers in Wellington reacted to comments made by the Minister of Finance, Mr Caygill, at the week-end, according to a dealer. Comments by Mr Caygill that he was considering Government action to lower interest rates caused Government stock rates to fall and
GSC futures to rise on Tuesday. But in Wellington dealers were not at work because of the Wellington Anniversary holiday, he said.
Those dealers had to wait until yesterday to react to Mr Caygill’s comments, and because most funds management dealers were in Wellington they had a strong effect on the market, he said.
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Press, 25 January 1989, Page 27
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113GSC firmer Press, 25 January 1989, Page 27
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