Leaviss on bonds after Brexit: Long-term value does exist in the sector

UK government bonds are appealing

The main headlines following Brexit have included the sharp fall in sterling, which is unsurprising given that markets had been increasingly expecting a ‘remain' outcome as the vote neared. Instead, investors are now left weighing the implications of a UK exit from the EU, with most economists expecting reduced economic growth, writes Jim Leaviss, manager of the M&G Global Macro Bond fund.