UK News
Investors Warm to Burnham But Say Long-End Gilts Are ‘Unloved’
Key Points
Investors Warm to Burnham But Say Long-End Gilts Are ‘Unloved’ UK bond investors are gaining confidence in Andy Burnham’s promises of discipline when it comes to borrowing and spending, but not enough to bet on Britain’s long-dated debt. Investors at Jupiter Asset Management, Neuberger Berman and Royal London say they’re steering clear of longer-term bonds until there is greater clarity on the next chancellor and the first budget.
Investors Warm to Burnham But Say Long-End Gilts Are ‘Unloved’
UK bond investors are gaining confidence in Andy Burnham’s promises of discipline when it comes to borrowing and spending, but not enough to bet on Britain’s long-dated debt.
Investors at Jupiter Asset Management, Neuberger Berman and Royal London say they’re steering clear of longer-term bonds until there is greater clarity on the next chancellor and the first budget. Even so, they’re bullish now on short-term notes and see yields at attractive levels.