Fiscal Support May Bring Gilt Rally Fatigue: Chaigneau

Gilts have returned almost three times as much as their closest peers since the U.K. voted to leave the European Union. The securities, which tend to outperform during global rallies thanks to their longer duration, have been boosted by Bank of England stimulus designed to shield the economy as Brexit negotiations evolve. Yields fell to all-time lows this week on signs the central bank may need to pay higher prices to purchase enough gilts to meet its quantitative-easing target. Societe Generale Head of Fixed Income and Foreign Exchange Strategy Vincent Chaigneau discusses with Bloomberg's Manus Cranny on "Countdown."

Full Show: Bloomberg Daybreak: Americas (09/21)
56:46 - Bloomberg Daybreak: Americas hosted by David Westin, Jonathan Ferro, and Alix Steel. Guests include Joachim Fels, global economic advisor at Pimco, Steve Liberatore, managing director at TIAA Investments, and Jim Caron, senior fixed income portfolio manager at Morgan Stanley Investment Management. (Source: Bloomberg)
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