Nomura's Guide to Hedging Against Risk of a Corbyn Government
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How do you solve a problem like Jeremy Corbyn? The time has come for investors to hedge against the risk of a Labour government under the leadership of a socialist firebrand.
Nomura International recommends curve-steepening trades on U.K. government bonds as the best way to protect gilt investors from the possibility of more political upheaval in the form of a 68-year-old who wants to raise income taxes, bring back into public ownership rail, water and energy companies and inject 6 billion pounds ($7 billion) into the National Health Service.