15 November 2024 UK Monitor Gilt yields will fall as markets come to terms with a new environment
13th Nov 2024 10:19UKDaily Monitor
- Similar to the market, we think the UK Budget and Mr. Trump’s election will boost UK inflation and rates.
- But we consider the sell-off in gilts overdone, with the market pricing only two rate cuts by August.
- Gilt yields will likely stay elevated near term, but we expect 10-year yields to drop to 4.1% by end-2025.
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