Fixed income fund managers are seeing value in the belly of the curve in the UK gilt market at aroun...
Fixed income fund managers are seeing value in the belly of the curve in the UK gilt market at around the 10 year mark, while it is the long end of the European market that is appearing attractive. Interest rate rises are likely on the Continent as the European Central Bank (ECB) moves to quell inflationary fears. A reduction in long-dated issuance is being driven by growing GDPs and the proceeds from upcoming third generation mobile phone license auctions. At the same time in the UK there is growing pressure to relieve the inversion on the yield curve with buy backs of short-dated gilts...
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