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Top related persons:
Dado Ruvic - 1 BoE - 1 gilts - 1 Chris Jeffery - 1 Lane Clark - 1 Peacock - 1 Barry Kenneth - 1 Van Lanschot - 1
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Search resuls for: "LGIM's Jeffery"


2 mentions found


☆ A year after budget crisis, UK debt faces fresh pensions headwind
  + stars: | 2023-09-22 | by ( Yoruk Bahceli Carolyn Cohn | Yoruk Bahceli | Carolyn Cohn | ) www.reuters.com   time to read: +6 min
Benefiting from the highest interest rates since 2008, pension funds are better funded to meet future payouts than they have been in years. Because insurers hold a lot less government debt than pension funds, favouring higher-return assets such as corporate debt, they are expected to sell some of the gilts they receive. It is selling 240 billion pounds of debt this year, a record, save for 2020-21. Helped by the pension fund demand of past years, Britain's average debt life is around 15 years, more than double the U.S. and Germany's. Britain has already started skewing its funding towards shorter debt this year, citing high borrowing needs, a move investors reckon also reflects declining pension fund appetite.
Persons: Dado Ruvic, BoE, gilts, Chris Jeffery, Lane Clark, Peacock, Barry Kenneth, Van Lanschot, Arif Saad, Craig, Owen Davies, LGIM's Jeffery, Yoruk, Carolyn Cohn, Dhara Ranasinghe, Toby Chopra Organizations: REUTERS, Bank of England, Legal, General Investment Management, Fund, Investment, Royal London Asset Management, Investors, Yoruk Bahceli, Thomson Locations: gilts, Germany's, Britain, Amsterdam, London
☆ World's biggest bond markets left picking up the pieces after March mayhem
  + stars: | 2023-04-28 | by ( Yoruk Bahceli Davide Barbuscia | Yoruk Bahceli | Davide Barbuscia | ) www.reuters.com   time to read: +7 min
Things are calmer now, but seven traders who spoke to Reuters, some heading rates desks at big global banks, said March's mayhem continues to reverberate, with fears of further volatility in traditionally stable bond markets muting activity. Investors rely on government bond markets to translate central bank interest rates into a stable benchmark for borrowing costs, from corporate loans to household mortgages. Yield shifts in government bond markets have become bigger - occasionally hitting 20 bps a day - since central banks started ramping up rate hikes last year to tame surging inflation. For some, March's turmoil is the latest sign of how post-2008 regulations constraining dealer balance sheets are affecting bond market functioning. Others noted markets were leaving behind an era of low volatility for good as rates rise.
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