Janus Henderson’s UK Institutional team, led by Jenna Barnard, analyzes the BoE’s September decision to manage policy without further destabilizing long-dated gilts.
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With inflation still elevated, the BoE left rates at 4% and emphasized a cautious approach to quantitative tightening.
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The central bank will reduce gilt holdings by £70bn, while skewing issuance away from long maturities to reflect weak demand.
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Gilt performance remains pressured versus U.S. Treasuries, underscoring the UK’s unique inflation challenges.
How should investors navigate a gilt market facing both structural inflation risks and fragile demand? Explore the full commentary for deeper insights.
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