LONDON (Reuters) – UK government bond The British government bond market stabilized in early trade on Thursday after its biggest one-day jump since 2009 a day earlier, when global investors ditched all but the safest assets due to fears about the impact of the coronavirus.
The 10-year gilt yield (GB10YT=RR) hit its highest level since Jan. 10 at 0.822% at 0832 GMT, up 3 basis points on the day, but by 0900 GMT it was down 2 basis points at 0.77%.
UK government bond
On Wednesday, when sterling slumped to a 35-year low, the yield jumped by nearly 24 basis points, a daily increase last seen in April 2009, according to data from Refinitiv.
Late on Wednesday, the European Central Bank unveiled a 750 billion-euro asset purchase program to lift the eurozone economy, which sent German yields down 10 basis points.
Sterling remained close to a 35-year low on Thursday at $1.1550, about a cent higher than its low point the day before.
The UK Debt Management Office will test international investors’ appetite for British debt later in the morning when it sells 3.25 billion pounds of the five-year benchmark gilt (GB5YT=RR) via auction.
Five-year gilts are usually among the most liquid assets. An auction of 30-year gilts on Tuesday drew solid demand from investors, but the DMO had to accept below-average bids to the greatest extent since an auction in November 2018.
Strategists at Citi said the five-year gilt was looking cheap relative to similar maturities after underperforming versus its German equivalent (DE5YT=RR) over the past two weeks.
At 0851 GMT the yield on the five-year gilt was 3 basis points lower on the day at 0.57%.
The difference between a suitability assessment and a sustainability assessment in a project’s feasibility study
The difference between a suitability assessment and a sustainability assessment in a project feasibility study A feasibility study consists of several key points
It greatly helps in the success of this study, as all steps must be implemented and none of them should be ignored
This is because they work in a circular motion, which are rings that complement each other and help in the success of the project when one of the links is lost
This leads to an imbalance and the inability to implement the feasibility study at the same level of feasibility required,
So in this article, we will explain to you what is the difference between a suitability assessment and a sustainability assessment in a project feasibility study.