By Keith Kelsall is a fixed income strategist at BGI Government bonds like weak economies wherea...
By Keith Kelsall is a fixed income strategist at BGI Government bonds like weak economies whereas corporate bonds like strong economies. Which are we going to get? The UK has had a strong government bond market so far in 2002 after the cuts in the base rate to 4% at the end of last year and the relatively weak economic data this year. However, corporate bonds have not fared so well, with returns for the year to date slightly below those for government bonds. There is no doubt the UK economy is experiencing some difficulty, although, if data collection is confined to hous- ing...
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