|
Artemis' head of fixed Income, Stephen Snowden, believes we have entered one of those phases where buying bonds again is – if not quite yet – close to becoming a no-brainer decision.
In a year of memorable moments (by which I mean traumas), two financial events stand out: sharply rising bills and tumbling bond prices. Whatever the causes of inflation, be it the war in Ukraine, the lifting of lockdown, the after-effects of Covid or fiscal folly, no-one opening an energy bill this month can be in doubt of its presence. Latest data from August for the retail price index (RPI) puts the year-on-year growth in prices at 12.3% and the consumer price index at 9.9%, the worst since the early 1990s.
As the Bank of England battles to tame the inflation beast,...
|