Church House's Campbell-Lamerton: No need to worry about ECB rate rises in 2018
Investors can 'sleep easily'
Rory Campbell-Lamerton of Church House
The scale of distortion in the markets that the European Central Bank has helped create has to be a concern of late. At the last count, about $5trn of negative yielding debt is outstanding.
The 'basis' (the difference in yields between UK rates and US treasuries) continues to widen, and if the UK economy does not go upside down, the chances of a sharp correction in gilts must be increasing....
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