IMO this dip has significantly less to do with the UK riots but more to do with Bernanke's pledge to keep rates at 0-.25% until mid 2013 (is the US turning into Japan?)
US treasury bills yields have dropped to an all time low (90 day bills are currently trading at .01%), this will effect QBE's investment income for some time. Bernanke's statement is intended to force investors into the longer time scale Notes and Bonds which pushes out further the low interest borrowings on US government debt.
Any hope that QBE would be able to rekindle higher rates on its float are appearing dead in the water.
IMO this dip has significantly less to do with the UK riots but...
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Last
$17.39 |
Change
0.150(0.87%) |
Mkt cap ! $26.12B | |||
| Open | High | Low | Value | Volume |
| $17.36 | $17.65 | $17.25 | $68.31M | 3.923M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21665 | $17.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.39 | 159691 | 4 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| QBE (ASX) Chart |