Busy futures trade
The futures market traded busily until 9.30 last night in a special session because of the Budget. The total for the whole day was 4908 lots traded. Dr Brent Layton, managing' director of Egden Wignail and Company Futures, said that as the Budget came out Government stock futures
were sold down to 87.14, reflecting a physical interest rate of 12.86%, but as news of the Government’s stock programme emerged, the players decided this was nullish and lifted the futures prices to 87.29. The tables listed today are for sales in morning and afternoon sessions only.
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Press, 28 July 1989, Page 14
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98Busy futures trade Press, 28 July 1989, Page 14
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