Why are investors in UK Gilts (public debt) particularly skittish about shifts in UK politics?
The usual answer is they're tightly focussed on the impact of Govt. changes on the UK's fiscal stance & inflationary potential.
But, given that around a third of Gilts are held abroad, we might also conclude its a lack of detailed (local) material knowledge about the UK's economic plight, leading to a dependence on secondary (media) sources?
More UK investors needed?
#PublicDebt #politics
h/t FT





