28
Mar
Attractive bond yields for the United Kingdom
Fragile economic climate. Persistent uncertainty. Risk of stagflation. Inflation not yet under control. BoE will have to cut rates. High risk premium for bonds. Securitized real estate on hold. FTSE 100 target achieved.
Key points
- Economic weakness continues into 2025
- Uncertainty does not support the British economy
- Leading indicators confirm GDP stagnation
- Labour market still adjusting
- Household confidence not improving
- Inflation not yet under control
- BoE hesitates but will probably cut rates in May
- The bond market now looks more attractive
- Towards a period of stabilization for the pound
- Securitized real estate still awaiting rate cuts
- FTSE 100 reaches target of 8,800 points
