We think that the government’s roadmap for easing England’s current COVID-19 lockdown will direct the economy back to its pre-pandemic size by Q1 2022. With the Chancellor and the Bank of England unlikely to knock the economy off course with tighter policy, gilt yields are unlikely to rise much further.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.