Franklin Templeton's Zahn Prepares to Buy 30-Year UK Gilts at 6% Yield This Month

GateNews
According to Bloomberg, David Zahn of Franklin Templeton is preparing to buy 30-year UK government bonds at 6% yield after calling them overvalued for over a year. As chief of the firm's European fixed income strategy, Zahn is concerned that the Labour party will need to increase spending following this month's election results, which could pressure fiscal dynamics and push yields higher.
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