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Gilts: rates uncertainty, recession fears and record supply

The OMFIF Podcast

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The Uncertainty of the BOE's Rate Direction

There is a fear because we are lucky that we are quite a big group of international portfolio managers within bearings who look at global fixed income. And when I speak to my peers, we sit either in Asia or in the US, they show this lack of comfort around just putting money in the UK. So judging by that, you could say there is a temperature of we really don't know what's going to happen next. But would I say that there is a big loss of confidence around the UK? I wouldn't go as far as saying that because what the new PM has done is to come back and restore orthodoxy.

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