RBS and Paribas Say Sell Gilts, Buy U.S. Debt as U.K. Vote Looms
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The resilience of U.K. government bonds in the face of the most uncertain election in a generation may be about to weaken.
With gilts trading at close to their strongest levels relative to U.S. debt in almost a decade, strategists at Royal Bank of Scotland Group Plc and BNP Paribas SA predict the yield difference will narrow as anxiety builds before the May 7 vote.