New bond issues are benefiting from cash emerging from gilts

At the time of writing, slides in both industrial and manufacturing production are greater than expe...

At the time of writing, slides in both industrial and manufacturing production are greater than expected; the Rics House Price Balance is a record -76%; and the three-month unemployment rate is 6.3%, as at the end of December. Most major markets have experienced downward pressure from the de-leveraging process, but are now also having to contend with deterioration in the real economy, exacerbating the weakness. RPI has reached a recent low, hitting 0.1% in January on an annual basis. These deflationary pressures are likely to remain in the short term, and the prospect of further interest ...