Gilts are discounting a reasonably strong pick-up in economic activity with yields in the 10-year a...
Gilts are discounting a reasonably strong pick-up in economic activity with yields in the 10-year area climbing to their highest level since last summer, according to private client stockbroker Gerrard. 'To a large extent, this is being driven by the shift in expectations in the US Treasury market,' says Mike Lenhoff, the group's chief portfolio strategist. 'However, in contrast to developments on the other side of the Atlantic, the shape of the gilt yield curve still reflects the influence of strong technical factors, which are providing a layer of support for longer-dated maturities...
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