Craig Inches, head of rates and cash, Royal London Asset Management
We have learned that it was a wake-up call for leveraged investors, and as a result we now live in a world where supply needs to find the correct clearing level to seek investor demand. Politicians have also been reminded that financial markets are a taskmaster of good fiscal discipline and if the powers that be step out of line they will be severely punished.
I think this paints a very interesting picture as we head into another 12 months of heavy supply and political jousting. I expect further gilt market volatility in 2024.
