Woolnough: What Moody's downgrade threat means for gilts

Kyle Caldwell
16 February 2012

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M&G Investments' bond manager Richard Woolnough has backed gilts to shrug-off Moody's downgrade warning released earlier this week.

Woolnough, manager of the £5.3bn Optimal Income fund as well as a number of other portfolios, said with only moody's putting the UK on notice, yields should remain fairly steady. He expects gilt yields...

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