1523 GMT - U.K. government bonds, or gilts, look attractive relative to their developed-market peers, BlackRock Investment Institute chief investment strategist Vivek Paul says in a note. The term premium--or compensation for investing in long-term bonds--on developed-market sovereign bonds is likely to rise due to increased public spending and inflation uncertainty, Paul says. For gilts, however, BlackRock expects that U.K. interest rates will fall more than markets expect over the coming years. This would offset any similar rise in term premium with gilts, he says. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 11:23 ET (15:23 GMT)
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