Fund manager's comment; Further UK rate cuts are expected by Chris Golden

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Global bond markets have been generally weak so far this year but there is no single reason to accou...

Global bond markets have been generally weak so far this year but there is no single reason to account for it all. Each market seems to have its own anxieties. In the US the worry is that the economy is growing too fast, while in Japan the fear is that the economy is growing too slowly. In Europe, disappointment about the euro (and some worries about imported inflation), together with the realisation that the European Central Bank will not cut rates much further, have encouraged yields upwards. Finally, gilts have suffered from fears of a pick-up of the economy even though the MPC has b...

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