UK back with Gilt tap after GDP surprise
Some £5bn of orders have flooded in for the UK’s syndicated tap of its 4.25% 2040 Gilt today, after Tuesday’s GDP bombshell derailed expectations of further QE and caused a selloff in Gilts. Are investors seeing this latest deal as a valuable chance to buy on the dips, or is the rally set to run out of steam once the trade has priced? Read EuroWeek to find out.
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