Sterling corporate bonds enjoyed a strong 2017, returning over 5.5% as credit spreads have continued to tighten.
Gilts by contrast have returned just over 1.25%, the bulk of that from the long end. The main driver of corporate returns during the year has been the steady decline in credit spreads, from 140 in early...
Joined with 21 Partners
Consequences could be more severe than in stress tests
Move to variable operating expenses
Set to happen on 4 April