UK faces up to tricky 2013 after S&P warns with Christmas message
Standard & Poor’s cut its outlook on the United Kingdom’s credit rating from stable to negative on Thursday, increasing the likelihood of the country losing its triple-A status next year. All three major rating agencies now have the UK on negative outlook, writes Nathan Collins.
At the same time, there are suggestions that the UKs Debt Management Office (DMO) may reduce its long dated issuance in 2013 to prevent a steepening of the Gilt curve.
Morgan Stanley believes that UK yields at the very long end could head north in the first quarter of
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