1442 GMT - Gilt yields are likely to fall through the remainder of 2024 and in 2025--barring any suprises in the upcoming U.K. elections on July 4, HSBC Global Research rates strategists say in a note. Any cheapening in gilt prices ahead of the election presents an opportunity to buy them, HSBC says. While the elections are likely to have limited impact on the gilt market, a suprise result or unexpected developments after the elections could raise volatility in the gilt market, the strategists say. "There is still scope for market-unfriendly surprises after the election - perhaps if labor market reforms were to be inflationary, or if tiered reserve remuneration was announced," they say. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
June 14, 2024 10:42 ET (14:42 GMT)
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