Investors are underestimating the strength of consumer confidence in Europe so yields can keep rising. This is not a good time to buy.
More Quotes from Stuart Thomson:
With demand still weak, there's room to cut rates in the first half of next year. That'll keep yields around 4 percent for 10-year gilts.Stuart Thomson
U. K. data has been weaker than expected, but investors don't believe this will be enough to persuade the bank to cut rates. This leaves gilts vulnerable.
Stuart Thomson
Demand is vastly outstripping supply. It's not surprising that some of the dealers are going to the DMO because it's difficult to make a market in these conditions.
Stuart Thomson
European government bonds are going to be the worst performing area in the first quarter. There'll be one more rate hike in the first quarter and another in the second quarter.
Stuart Thomson
This week's data is proof that the hawks in the Monetary Policy Committee are wrong, giving gilts support this week.
Stuart Thomson
By stepping outside the majority view, he undermines his own credibility. He just becomes another member on the committee.
Stuart Thomson
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If someone offered me a hundred million dollars to make a movie? I would first remind him that there are 850 million people in the world who don't have enough to eat.
Lloyd Kaufman
If people are good only because they fear punishment, and hope for reward, then we are a sorry lot indeed.
Albert Einstein