Low supply puts investors in ‘Mexican stand-off’ over Brexit

By Jasper Cox
15 Jun 2017

A few months ago political risk was the new big driver of the markets. Yet as UK politics enters its most uncertain period in decades, the country’s banks are jumping into the market and accessing credit cheaply. Supply dynamics, not politics, are king, writes Jasper Cox.

With a lot of cash to put to work, investors simply cannot afford to worry about the results of last week’s general election nor Brexit negotiations, which are due to start on Monday.Issuance is unlikely to increase over the next few months, meaning that spreads could grind ...

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