Vivek Paul, chief investment strategist for the UK at BlackRock, warned this week that the bigger the promises, “the greater the likelihood of the return of the bond vigilantes”. Yet he’s not considered a “bond king” capable of rattling politicians in the way Pimco’s billionaire co-founder Bill Gross once was. Institutional investors don’t tend to jump up and down.” Former …
The UK’s biggest long-term savings and retirement business has started buying gilts for the first time in two years despite a renewed bout of bond market turmoil. Phoenix Group, which manages £269bn on behalf of 12 million customers, said it now believed gilts offered “good value” relative to other assets and had started moving money into British government debt. Phoenix, …
