PIMCO shuns gilts on election spending fears
Potential for gilt sales increasing
PIMCO's Andrew Balls
PIMCO is shunning UK government debt on the view post-election borrowing by the main political parties could pile pressure on gilt prices.
PIMCO's chief investment officer for global fixed income Andrew Balls told the FT gilts are already one of the bond investment giant's "least favourite" markets due to the low yields available, with the...
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