Fears over the upturn in inflation have been overdone and the acceleration of price pressures will prove to have been a blip, once oil price increases slow, according to City Financial's Ian Williams.
With two-year gilt yields having risen from 4.4pc to 5pc in May - while 30-year yields rose by only 15 bps to 4.6pc - Williams believes we have seen a rise in short-dated yields, but hardly any increase...
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