Less interest, in negative interest rates.
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Less interest, in negative interest rates.
Markets at a glance – 8 February 2021
It was a game of two halves for macro markets last week. Italy won in the end, with the UK coming last. For Italian bonds, spreads are now some 10% tighter so far this year while UK gilts are underperforming with yields now around 30bps higher over the same period. Why so? The markets were relieved and supportive of Mario Draghi’s likely formation of a new technocrat government in Italy. In the UK, however, the Bank of England noted current economic weakness but …
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Prosper van Zanten
Head of Benelux Distribution
Tel: +31 (0)2 262 4022
Website:www.columbiathreadneedle.com/nl
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