Front-end bonds attractive as inflation transitory
Front-end government bonds in the UK and Eurozone are attractive because rates have risen by 60-80 basis points, yet inflation is likely transitory and central banks can look through it. In a more bearish recession scenario, central banks could even cut rates. This makes current yields an opportunity.
UK short-dated government bonds
German short-dated government bonds
HIGH
Bloomberg Markets
Apr 24, 10:52