Boost to Gilt rates a help, but SSA supply still distant

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Boost to Gilt rates a help, but SSA supply still distant

sterling_Adobe_575x375_15April2020
Jeanette Teare - stock.adobe.com

Gilt yields jumped this week after the Bank of England's Monetary Policy Committee sounded more positive than expected, and pushed back any possibility of negative rates by at least six months. But SSA sterling issuance will likely still be sluggish until the cross-currency basis swap improves.

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