Post Election Analysis with Stuart – Gilt yields spiked 4.2 bp to 0.859% on Johnson’s decisive election victory. Bund yields are up 3.5 bp at -0.238%, as hopes that a US-China trade deal will be announced today added to the positive risk backdrop and underpinned the growing conviction that the trough in interest rates has been reached and that the next moves will be higher, although central banks in Europe and the US have clearly signalled that this is still a very long way off. DAX and FTSE 100 are up 1.2% and 0.9% respectively.
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Stuart Cowell
Head Market Analyst
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