Shengbao Bank: UK Labor Party Coming to Power May Support Short-term Government Bonds

Jinshi data news on July 3rd, Spinozzi, head of fixed income strategy at Shengbao Bank, said in a report that after Thursday's general election, short-term government bonds in the UK look more attractive than long-term government bonds. Spinozzi said that the opposition Labour Party, which is widely expected to win, may introduce policies to support economic growth. Strong growth prospects indicate that interest rates are unlikely to be significantly reduced, which may put pressure on long-term government bonds.