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Rathbones Warms to Longer UK Gilts on Bets for Budget Discipline

Bloomberg Markets Friday 23 October 2026, 06:15 UTC By George Nixon 1 min read
Key Points

Rathbones Warms to Longer UK Gilts on Bets for Budget Discipline Rathbones Asset Management Ltd. is warming up to longer-maturity UK government debt on signs Chancellor of the Exchequer John Healey will avoid the confusion and market ructions that accompanied his predecessors’ budgets. According to David Coombs, head of multi-asset investments, the firm bought 10-year gilts while selling notes due in 2-5 years across its £9.6 billion ($12.8 billion) portfolio of multi-asset funds this week....

Rathbones Warms to Longer UK Gilts on Bets for Budget Discipline Rathbones Asset Management Ltd. is warming up to longer-maturity UK government debt on signs Chancellor of the Exchequer John Healey will avoid the confusion and market ructions that accompanied his predecessors’ budgets. According to David Coombs, head of multi-asset investments, the firm bought 10-year gilts while selling notes due in 2-5 years across its £9.6 billion ($12.8 billion) portfolio of multi-asset funds this week. That’s shifted it from underweight to neutral in longer-duration bonds, which are more sensitive to interest-rate moves and government policy.
Rathbones Warms (ORG) Bets for Budget Discipline Rathbones Warms (ORG) Bets for Budget Discipline Rathbones Asset Management Ltd. (ORG) UK (LOCATION) John Healey (PERSON) David Coombs (PERSON)
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