Rates expected to peak at around 5.25% mark

Greater certainty on interest rates are set to boost gilts, but international pressures continue to ...

Greater certainty on interest rates are set to boost gilts, but international pressures continue to cloud the issue. From a global perspective there is very much a focus on economies around the world and whether or not the recent slowdown is a temporary blip or more sustained. Mark Morris, strategy director at Payden & Rygel Global, says: "For the past six weeks, those external factors have been positive for the UK gilt market, just as they have for other bond markets around the world." Morris adds, at home, one big focus is the housing market and the unusual situation of the Bank of En...