Long term bond yields are likely to trade in a narrow range over the next few years amid a slowdown ...
Long term bond yields are likely to trade in a narrow range over the next few years amid a slowdown in growth. Schroders believes the yield on 10 year gilts will trade in the range of 5-6% in the period to 2002 from their current level of around 5%. The group pointed out Government debt is falling in importance as issuance dries up. During 1999, the UK and US government markets both saw net repurchases while there was over £20bn of corporate bonds issued in the UK and over $400bn in the US. Abdallah Nauphal, head of global fixed interest at the group, said: "The monetary cycle argues ...
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