Libor rate forecast 2012

Libor rate forecast 2012 ; Gilts and short sterling futures fell Tuesday as expectations of a rate increase by the Bank of England were rekindled after figures showed a surge in U.K. consumer prices. The June gilt futures contract fell 30 ticks to 120.23, while the yield on the 10-year gilt rose three basis points to 3.413%, widening the yield spread over equivalent German bunds by three basis points to 29 basis points.

The most heavily traded December short sterling futures contract fell three ticks to 98.91, implying a three-month sterling Libor fixing of 1.09% when the contract matures.

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The bonds, which will bear interest at a floating rate based on a fixed spread, established at pricing, to the LIBOR index rate, are expected to sell through negotiation the week of May 23, 2011.Read More...

Gilts Fall As UK CPI Rises More Than Forecast
The most heavily traded December short sterling futures contract fell three ticks to 98.91, implying a three-month sterling Libor fixing of 1.09% when the contract matures.The three-month Libor Monday fixed at 0.82188%.Read More...

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The Bank of England said in its quarterly Inflation Report there was a good chance that the U.K. inflation rate would hit 5% in 2011 and was likely to stay above the 2% target throughout 2012. It upgraded its inflation forecast, saying it was based on a rate increase in the third quarter and then a rise each quarter of 2012.Read More...

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