Bond fund managers are seeing value in five- and 10-year gilts on the back of a positive outlook for...
Bond fund managers are seeing value in five- and 10-year gilts on the back of a positive outlook for UK inflation and interest rates. The market is expecting inflation and interest rates to remain low and within this benign environment for fixed interest, sterling bonds are perceived as relatively cheap. Fund managers believe that UK interest rates are set to stay at around the 5% level for some time and that they could even go slightly lower. Not everything is positive, particularly once the more negative sentiment coming out of the US is taken into account. The Federal Reserve's stated p...
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