Gilt Yields Must Go Higher to Match U.K. Risks: Allianz’s Dwane
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Neil Dwane (Allianz SE)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283
(Bloomberg) -- Gilt yields need to rise to compensate for increased political risk after the U.K. election last week resulted in a hung parliament, Neil Dwane, global strategist at Allianz Global Investors, said in an interview with Bloomberg TV’s Guy Johnson.
- “Gilts have to go higher from here to attract the capital in. With rising rates in the U.S., the international investor will say maybe the U.K is not the attractive place they would like it to be.”
- “We’ve gone from being the best-performing G7 to the worst and I think we will continue to see economic difficulty. We face double political jeopardy: we’ve not only got Brexit, we now have a hung parliament.”
- “A weak Conservative government can’t even be supportive of the economy because they’re going to require somebody else to sign the checks. The U.K. looks like there are some real troubled skies ahead.”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Neil Dwane (Allianz SE)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283