Extreme Valuations See Pimco Shun U.K. Linkers for U.S. Debt

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  • U.K. bonds yield least relative to TIPS since November 2008
  • Insatiable demand from pension funds boosting long-dated debt

Pacific Investment Management Co. is calling time on the U.K. inflation-linked bond market, dubbing it the most overvalued in the world.

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