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.
More Quotes from Stuart Thomson:
Investors are underestimating the strength of consumer confidence in Europe so yields can keep rising. This is not a good time to buy.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
By stepping outside the majority view, he undermines his own credibility. He just becomes another member on the committee.
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
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
We believe the Monetary Policy Committee will be forced to make two more cuts in November and February.
Stuart Thomson
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