Royal & SunAlliance Investment Management is looking to buy into shorter-dated gilts but only after ...
Royal & SunAlliance Investment Management is looking to buy into shorter-dated gilts but only after yields have risen further. Dave Hooker, assistant director, UK gilts at the group, says the investment house will look to buy into five-year gilts when the yield reaches 6.5%, today it stands at 6.35%. He is anticipating a sell-off in this area over market concerns about the speed of UK economic growth. He says: "We are seeing a strong cyclical upturn in the UK which should continue this year and this is pretty much the market consensus. This means rates are going to go up further this year...
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