I wonder what the Professor of Political Arithmetic will do

And for the Senior Lecturer, this.

Gilts issued in 1981 would, circa 1994, have a coupon near triple the market yield. They would therefore be at a significant premium to par*.

Was this a problem?

*yes, I know that’s the 10 year, but the 30 year will follow much the same path.

2 thoughts on “I wonder what the Professor of Political Arithmetic will do”

  1. “Let’s see where things stand in 5 yrs. Until then, I’m logging off for a sunny afternoon.”

    A five-year long afternoon off? I want a job like that!

Leave a Reply

Your email address will not be published. Required fields are marked *