Was U.K. Economy Slowing Before Brexit Jitters Set in?

The extra yield Treasuries pay over U.K. gilts is surging before a U.S. payrolls report Friday, while investors seek safety in British government bonds as the nation prepares to vote on leaving the European Union. U.S. two-year notes yielded 51 basis points more than same-maturity government debt in the U.K., the biggest difference in 16 years. The 10-year spread was 46 basis points, approaching the widest level in a decade. Benchmark Treasuries were little changed Friday in Asian trading. JP Morgan Asset Management International CIO of Fixed Income Nicholas Gartside discusses with "On the Move" host Caroline Hyde.

U.K.'s May Calls for Two-Year Brexit Transition Period
31:35 - U.K. Prime Minister Theresa May speaks in Florence, Italy on the need for a period of implementation after the nation leaves the European Union. (Source: Bloomberg)
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