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UK Long-Dated Gilt-Yields Rising Fast, Inverted Gilt Yield Curve Flattens 1118 GMT - Yields on the U.K.'s long-dated gilts maturing up to 30 years are rising faster than short-dated gilt yields...
BofA has reiterated its ‘underperform’ rating on traditional UK asset managers on continued client risk aversion and subdued fund flows.
The Bank of America has downgraded its outlook for UK asset managers due to their higher sensitivity to recessionary risks and weak flows.