Monday, 3 May 2010

Bond market traders poised for unprecedented 1am gilts sell-off on election night

Traders will be able to buy and sell government bonds at 1am on Friday morning for the first time so that they can react to the outcome of the general election.
The London futures market (LIFFE) will open just three hours after polls close so that traders will have the chance to dump gilts if a hung parliament is looking likely.
It is the first time that the LIFFE futures exchange has opened during the night and all eyes will be on the gilt market as investors give an instant verdict on the poll results. more...


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