UPDATE 1-PIMCO's Amey says rise in UK govt bond yields nearly over



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By Jamie McGeever
Oct 13 One of the world's biggest bond funds said on Thursday that a recent rise in UK government bond yields, which have almost doubled in the last six weeks, had mostly run its course.
Yields, which move inversely to prices, have risen as a sharp drop in the pound, related to the country's decision to leave the European Union, has stoked inflation expectations.
"It's possible we get a little bit of a further rise in (gilt) yields but probably more of it is behind us than ahead of us," PIMCO's head of sterling portfolio, Mike Amey, told... read more

 
13 October 2016 in World News, Views: 32
Source: Reuters
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