TWO lucky Premium Bond holders have received a July windfall this year by scooping the top prizes in this month's draw. Here's what we know. Who were the July 2018 Premium Bonds winners? A man from Suffolk who bought his winning bond in June 2017 and a man from south west Wales will share the top £1million prize. The man from South West Wales becomes the fifth jackpot winner from the region since the £1 million prize was introduced in 1994. His winning Bond was purchased in March 2010 (Bond number: 166LV246433). They are the 389th and 390th winners of the £1million prize. How many people won in July's Premium Bonds draw? Premium Bonds is also paying out over three million other prizes to Premium Bond holders, ranging from £25 to £100,000. Jill Waters, Retail Director at NS&I, said: “I’m delighted for our two jackpot winners and all of our customers who are receiving a boost this month. Whatever you have won, get in touch through our … [Read more...] about July 2018 Premium Bonds winning numbers – have you won £1million cash prize?
Withdraw premium bonds
The Italian Economy Minister Giovanni Tria reiterated on Tuesday that the new government remains committed to the objective of reducing Italy’s public debt. The government is “continuing, but at a more limited pace than in 2017,” Tria told the public news agency ANSA. The government now projects a 0.8% deficit in 2019, reaching a balanced budget by 2020. While Tria bemoaned the “serious inadequacies that characterise the current European institutional equilibrium,” markets continue to exert pressure on Italy, although “Quitaly” or “Italexit” is no longer considered an imminent threat. Markets are looking closely at the 2019 budget to be released in October. The question is whether a series of economic policies promised during the campaign trail will make their way into fruition. The Italy government has promised a guaranteed €730 minimum income, the lowering of the retirement age and public investment. These promises have been … [Read more...] about Italy retreats to economic convention but markets still charge political risk premium
A surprising hawkish tilt by India’s central bank in its April minutes has left money managers dumbfounded, prompting them to seek a higher risk premium for holding the nation’s bonds.The benchmark 10-year yield jumped as much as 17 basis points Friday, and ended last week 29 basis points higher, as minutes of the Reserve Bank of India’s April 4-5 meeting boosted speculation policy makers are moving toward raising interest rates. At the gathering, the RBI had maintained a neutral stance and lowered its inflation forecasts.“The RBI risks losing market credibility,” said Arvind Chari, head of fixed income and alternatives at Quantum Advisors Pvt. in Mumbai. They’ve “managed to sway the bond markets both ways as markets grapple with the assessments of their tone. Investors are building in a risk premium for the uncertainty, not necessarily of macro data points, but on the uncertainty of RBI’s response to it,” he said.The minutes add to … [Read more...] about Bond Investors Can’t Gauge What India’s Reserve Bank is Thinking
PREMIUM BONDS are the nation's favourite way to save with a staggering £72billion being held in these luck of the draw accounts. But is it worth you keeping your bonds and hoping for a payout or should you think about moving your cash elsewhere? Here we explain what premium bonds are and what alternatives are out there:What are premium bonds? Premium bonds are just like normal savings accounts that let you take money in and out whenever you want - with one key difference. Instead of interest being paid every month, the money you put into the account works as tickets for a monthly prize draw that could earn you anywhere between £25 and £1million. You get a ticket (bond) for every £1 in the account and each bond you have increases your chances of winning. You have to be over 16 to buy premium bonds and you have to have a minimum of £100 in your account to be entered for the draw. The scheme is run by the Treasury-backed NS&I, which lends your money to the … [Read more...] about Five alternatives to premium bonds – we reveal how to win big on your savings
It might be a total coincidence that Saudi Arabia has announced a monster bond issue right in front of Qatar, which is midway through a debt roadshow of its own -- but it's unlikely.Nothing says "capital market access" like a drive-by deal announced and launched on the same day with no need for investor meetings. Saudi is the regional superpower and clearly wants to emphasize its position.It and the rest of the Gulf Cooperation Council members have imposed stringent sanctions on Qatar, including a ban on money transfers. So while the kingdom has clear financing needs this year, the sudden timing looks deliberately aggressive. It is notable that the lead manager lineup has no overlap -- investment banks have had to choose their side.A slight mismatch in maturities isn't enough to quash thoughts that this is muscle flexing of the mega-billion variety -- Saudi is launching Tuesday with seven-, 12- and 31-year maturities. Qatar has chosen five-, 10- and 30-year tranches.Saudi will launch … [Read more...] about Saudi Bond Kicks Sand in Qatar’s Face