Foreign investors say bye, bye to UK gilts

Yields on 10-year gilts will likely rise to 3.97 percent in June from 3.61 percent yesterday, according to the median estimate of seven strategists and economists surveyed by Bloomberg. Foreign investors cut their gilt holdings since the start of quantitative easing, selling 10.9 billion pounds of the securities in April, the most since at least 1982, according to central bank data. They sold 960 million pounds in May.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a4sov75Ek..s

 

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