The events of July and August cemented rates in the UK at all-time lows. With the cheapest bond in the yield curve being the 30-year gilt (yielding 1.4%), there has been little respite for conservative allocation to fixed income markets.
The events of the six weeks after the referendum have calibrated 10-year gilts in range between 0.5% and 1%. We believed that in July investment grade corporates would provide better yield opportunities...
Designed to park short-term cash
Moving from two existing locations
Expanding European strategy
Countdown to 31 October