Gilt safe haven status at risk if cross-party Brexit talks fail, says portfolio manager
UK government bonds could lose some of their stature as a risk-free investment and start to be treated more like credit products in the event that no breakthrough is made in Brexit negotiations, according to one portfolio manager.
Sterling-only investors have no choice but to use Gilts as their so-called risk-free asset, said the portfolio manager. The UK 10-year Gilt was trading with a yield of 1.066% on Wednesday morning.“Thankfully, [Gilts] have shown exactly the characteristics expected from risk-off products and have shown predictable negative ...
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