Rathbone's Bryn Jones says companies maintaining strict controls on leverage will have an effect on sterling issuance.
We expect there to be more concern about the direction of credit markets in 2011, compared to last year, and for investors to become more discerning about where they put their money. Not all boats will rise with the tide, and this year, fundamental analysis will be vital. At this juncture, concerns about higher inflation in the UK rumble on: CPI inflation data for December was 3.7% – an eight-month high and up from 3.3% in November. Inflation expectations, out last month, hit levels last seen in September 2008. Over the next few months, we expect to see a continuation of inflationary pre...
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