Bond returns will be boosted by a predicted downturn in the strength of sterling against the euro, a...
Bond returns will be boosted by a predicted downturn in the strength of sterling against the euro, according to Baring Asset Management. Andrew Cole, director of Barings strategic policy group, said the improving currency position gives him cause for optimism. He predicted it will contribute to US 10-year bonds returning 7.3% in sterling terms. The UK equivalent will return 7.1% with European bonds returning 19% and Japanese 12%. He is similarly positive about 30-year bonds and expects the US to return 7%, the UK some 6.6%, Europe around 16.4% and Japan some 11.2%. In the three-year bond ...
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