Got a credit card? use our Credit Card & Finance Calculators
Thanks to bruncher,niord,gvonge,Shelford,GrahamPlatt, for Donating to support the site
PIBS
-
GoSeigen
- Lemon Quarter
- Posts: 4474
- Joined: November 8th, 2016, 11:14 pm
- Has thanked: 1624 times
- Been thanked: 1620 times
Re: PIBS
Sniktaw1 wrote:Does anyone know why the value of PIBS continues to decline when the issuing Building Societies seem financially strong? A further 2% decline this month alone although there is no new newsflow.
Maybe have a look at inflation rates. When inflation is running at 8.7% how does the real return on a bond yielding 7.5% look?
GS
-
88V8
- Lemon Half
- Posts: 5902
- Joined: November 4th, 2016, 11:22 am
- Has thanked: 4252 times
- Been thanked: 2628 times
Re: PIBS
GoSeigen wrote:Sniktaw1 wrote:Does anyone know why the value of PIBS continues to decline when the issuing Building Societies seem financially strong? A further 2% decline this month alone although there is no new newsflow.
Maybe have a look at inflation rates. When inflation is running at 8.7% how does the real return on a bond yielding 7.5% look?
And interest rates are high which makes Fixed Interest relatively less attractive, hence the fall in bond and Prefs prices.
Now, and the coming months, a good buying opportunity as discussed in this thread.
V8
Who is online
Users browsing this forum: No registered users and 4 guests