Government plans to switch inflation-linked uplifts for final salary pension schemes from the retail prices index (RPI) to the consumer prices index (CPI) have had an instant and negative effect on the UK index-linked gilt market, Aegon Asset Management says.
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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