Artemis' William Littlewood has moved to a short position in gilts in his £971m Strategic Assets fund, warning the UK's debt position is almost as bad as Portugal's.
Littlewood said he is short gilts, as well as US treasuries and Japanese government bonds, with the UK’s fiscal position looking increasingly comparable to the struggling European state. “The underlying...
Impact of political turmoil and Brexit
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In recent weeks, investors have fixated on the inversion of several sovereign yield curves, most notably the US Treasury curve.
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A troubled Brexit with Parliamentary stumbles and deadline extensions, while the original departure date has come and gone.