Free Trial

Goldman Sachs have noted that last week saw...>

BONDS
BONDS: Goldman Sachs have noted that last week saw the UK Chancellor announce
"an additional fiscal stimulus worth around 1ppt of GDP by our estimates. The
announced measures focused on the labour market as well as the hospitality
sector, which may allay some concerns around labour market deterioration in 2H
2020. We expect a third phase of fiscal spending in the Autumn budget, and
although we anticipate an additional round of QE in November, the larger fiscal
boost, ongoing reopening of the UK economy, and the upcoming BoE review into
negative rates (we expect an update at the August MPR) should see the UK curve
continue to steepen tactically relative to its US and German equivalents."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.