UK - Government plans to switch inflation-linked uplifts for final salary pension schemes from the retail price index (RPI) to the consumer price index (CPI) have had an instant and negative effect on the UK index-linked gilt market, Aegon Asset Management has said.
European head of rates Stephen Jones said real yields are seven to nine basis points higher at the long end of the real yield curve, with a similar move in breakevens (i.e. the difference between l...
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