IG Index, the UK's leading financial spread betting firm, has announced a series of spread cuts on several of its interest rate products.
IGindex's interest rate products can be used to take a view on where a country's interest rate is headed next, or to measure the market's confidence in a government's ability to service its own debts. As a result, Treasuries are now attracting unprecedented levels of interest from retail clients, as the global economic crisis rolls on.
Tim Hughes, Managing Director of IG Index told Marketmoves.com
"With macroeconomic news now making the headlines on a daily basis, a number of our clients are seeing Treasuries as an increasingly useful way of getting exposure to markets that historically may not have seen the same degree of volatility as currencies or indices. Significant themes like the future of the euro and managing the US deficit are going to linger for some time yet, so we see these spread cuts as a way to introduce even more clients to this important asset class."
Financial spread betting offers clients a number of benefits when trading Treasuries, including a transparent pricing structure and the ability to make profits free of tax. Also, because spread betting is a margin-traded product, only a percentage of the total exposure is required initially as a deposit.
Spreads on the 2-year and 5-year Treasury Notes, as issued by the United States, have been cut from four points to two points. The UK Short-term Gilt has been given a similar cut, while Euribor, Euroswiss, Sterling Deposit and the German Schatz have all seen their spreads cut from two points down to one. Other interest rate products are also available from IG Index, including Canadian, Japanese and Italian government bonds.
Further details on interest rate bets from IG Index can be found at
IGindex