Pimco reverses 'nitroglycerine' stance on gilts

Bill Gross has become positive on prospects for UK government bonds - just months after declaring that 'UK gilts rest on a bed of nitroglycerine' - at least for now

Bill Gross, co-chief investment officer at Pimco, has become positive on prospects for UK government bonds - just months after declaring that “UK gilts rest on a bed of nitroglycerine”. At least, for now.

Joe McDevitt, head of Pimco in Europe, told Financial News that medium-term UK bonds have been looking attractive since the election.

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