10 year U.K. Government Bonds up 1.5% from last week

**CheeseSlice** · 13 December 2011, 02:37

What planet are you on?

Pound Still a Port In Europe's Storm

British Prime Minister David Cameron's decision Friday to wield his veto and block changes to a European Union treaty has his critics in and outside the U.K. accusing him of leaving his country more isolated from key European decision making.

But on Monday, sterling looked anything but isolated. While it fell against the dollar, the euro fell more sharply, as investors soured on the outcome of the European summit in which the 26 other EU members agreed to a deal that moves them closer to fiscal union. The euro also weakened against the pound, hitting a nine-month low of 84.53 pence.

So far there are no signs that Mr. Cameron's actions have threatened that haven thesis. Yields on 10-year U.K. government bonds fell to 2.08% late Monday in Europe, from 2.17% on Friday. This compares to the safest of European havens, the 10-year German government bond, which yielded 1.98% late in Europe, from 2.10% on Friday.

**scooterscot** · 13 December 2011, 07:38

Originally posted by CheeseSlice View Post

What planet are you on?

Am coming, am coming from the dark side of the moon I'll be heading back there soon.

10 year U.K. Government Bonds up 1.5% from last week