Gilt linkers hit by UK’s plans to reform RPI
Inflation-linked Gilts suffered a steep sell-off in the secondary market on Wednesday as investors priced in proposed changes to the methodology of the Retail Price Index (RPI).
The price of the UK’s March 2046 linker dropped from 191 to 184, while the August 2048 linker fell from 200 to 189, according to data from MarketAxess.
“Gilt linkers have sold off with big moves in the long end,” said an investor at an asset management firm....
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