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.
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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)