Gilts are profiting from safe-haven flows, said Robert Stheeman, chief executive of the UK Debt Management Office (DMO), which, this week, sold its first syndicated note of the 2019/20 funding year — a 6.5 times subscribed issue.
“One of the reasons yields have fallen in the past 10 days is because of increased political rhetoric around the US and China, as well as increased uncertainty across financial markets,” said Stheeman. “When you get times like this, you tend see a rise in the price of
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