The forces driving investors to make significant allocations to UK bonds and the low supply environm...
The forces driving investors to make significant allocations to UK bonds and the low supply environment, which has resulted in UK bonds becoming an internationally expensive asset class, may now be abating. Over the next few months, a combination of fundamental and technical factors may conspire to put pressure on gilt yields and we are cautious in the short term. Further ahead, we are more constructive on the short to medium area of the gilt market as interest rates peak. The electorate's dissatisfaction with the National Health Service and Education put pressure on Chancellor Gordon Br...
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