logo
UK Bond Bulls Unfazed by Latest Bout of Market Turmoil

UK Bond Bulls Unfazed by Latest Bout of Market Turmoil

Bloomberg2 days ago
While many investors were fretting over the potential for UK fiscal instability this week, some saw an opportunity to load up on government bonds.
Mike Riddell, who manages around $1.2 billion at Fidelity International, added a new position in 20-year gilts on Wednesday as speculation over a possible exit by Chancellor of the Exchequer Rachel Reeves spurred a market slump.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Family home with 'generous' garden hits the market for £300k
Family home with 'generous' garden hits the market for £300k

Yahoo

timean hour ago

  • Yahoo

Family home with 'generous' garden hits the market for £300k

A four-bedroom semi-detached family home in Southampton has hit the market for offers over £299,000. Located in Sparsholt Road, the property is offered with no onward chain and is being marketed by Austin & Wyatt - Bitterne, who are "delighted" to welcome it to the market. The estate agent also notes the home has been "well cared for" by the current owners, with a newly replaced roof and guttering, as well as a Swan CCTV security system for added peace of mind. The property features a generous rear garden, off-road parking, and a fully powered home office and workshop, making it an attractive option for those working from home. Dual-aspect lounge/diner with natural light from both ends (Image: Austin & Wyatt/Zoopla) The ground floor boasts a welcoming entrance porch, a bright and spacious dual-aspect lounge/diner, and a modern kitchen that leads to a conservatory and separate utility room. The conservatory offers views of the well-maintained rear garden. READ MORE: Detached house with four bedrooms sells for £400,000 The ground floor also includes a convenient downstairs cloakroom. The first floor houses four bedrooms. Modern kitchen with fitted units and adjacent to a separate utility room (Image: Austin & Wyatt/Zoopla) The master bedroom is a generous double with built-in storage, while the second bedroom is also a good size. The third bedroom is ideal for children or guests, and the fourth bedroom offers a flexible space that can be utilised as a home office or nursery. The family bathroom is also located on this floor. The property also features a driveway providing off-road parking and a private rear garden with side access. The garden offers ample outdoor space for families and entertaining. The powered workshop is ideal for hobbies or storage, and the powered home office offers a quiet retreat for remote working. The property is ideally situated in the popular area of Weston, just a short walk from Weston Shore and close to a range of local amenities. Excellent transport links are on hand, including regular Bluestar 17 bus services into Southampton city centre. The property is also close to nearby primary and secondary schools. Austin & Wyatt - Bitterne describe this property as a "fantastic opportunity to purchase a ready-to-move-into home in a well-connected and family-friendly location". They recommend early viewing of this property.

Canada wants new trade partners. But markets like India and China come with major obstacles
Canada wants new trade partners. But markets like India and China come with major obstacles

Yahoo

time2 hours ago

  • Yahoo

Canada wants new trade partners. But markets like India and China come with major obstacles

International Trade Minister Maninder Sidhu says Canada has a chance to build new partnerships as U.S. tariffs continue to pummel world economies. But landing deeper ties with major markets like the U.K., India and China means overcoming irritants and fraught diplomatic relationships. "There's an appetite with partners and allies all around the world to do more with Canada," Sidhu said in an interview with CBC's The House. "There is an opportune window that we have to jump on." Sidhu told guest host Janyce McGregor that success to him is "getting businesses more comfortable dealing with overseas markets." He said Canada "should be screaming at the top of our lungs" about what it can offer the world. Since becoming minister of international trade, Sidhu has helped Canada deepen its trade relationship with countries like Ecuador and the United Arab Emirates. But larger markets like the United Kingdom, India and China that could play a big role in easing Canada's reliance on the U.S. are much more complicated. Canada has tried to deepen its economic ties with these countries before, but trade discussions either fizzled out or diplomatic tensions stymied discussions. In January 2024, the British government walked away from trade negotiations. A major sticking point was how much tariff-free access U.K. producers should have to the Canadian cheese market. Sidhu said the U.K. "is an important partner for Canada" and he met with his counterpart, British Secretary for Businesses and Trade Jonathan Reynolds, to discuss how to build up Canada-U.K. relations. When asked whether Canada's new law to protect supply management is blocking the U.K. from returning to trade discussions, Sidhu said Canada "has always remained at the negotiating table," the Liberal government will "never dismantle supply management" and that he wants to focus on trade "opportunities." There are signs of progress. In May, British High Commissioner Rob Tinline said the U.K. wants Canada to put forward a bill ratifying its accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Weeks later, Ottawa announced plans to do so this fall, allowing the British to enjoy trade with Canada under the terms of that agreement. During the G7 summit, Carney and Indian Prime Minister Narendra Modi agreed to designate new high commissioners. Both countries expelled top diplomats after the RCMP accused agents of the Indian government of playing a role in "widespread violence" in Canada, including homicides. When asked whether he sees a path for trade talks to resume between Canada and India, Sidhu said his constituents and Canadians at large are asking for "more connectivity between Canada and India." Sidhu also said trade and other business-to-business dealings have "been continuing over the last number of years on an upward trajectory." He said the government is taking a "step-by-step approach," and that restoring diplomats is an important step. Canada has also been making trade moves with China. Sidhu said the two countries have agreed to convene the Joint Economic and Trade Commission "to work through some of these issues and problems." In March, China announced it would apply tariffs on Canadian agricultural and food products as retaliation against levies Ottawa introduced last year on Chinese-made electric vehicles, steel and aluminum. China applied a 100 per cent tariff on Canadian canola oil, oil cakes and pea imports, and a 25 per cent duty on Canadian aquatic products and pork. Sidhu said he sees an openness to addressing Canada-China trade issues "and so we'll continue building on that. But the first part is to have those conversations being started… "Diplomacy can do wonders and we need to make sure that we're able to have those conversations with countries around the world. And that's exactly what I'll be doing."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store