The U.K. is “highly likely” to lose its AAA credit rating next year, according to John Wraith, a fixed-income strategist at Bank of America Merrill Lynch.
U.K. government bonds rose for a second week as investors sought the safest assets amid concern global economic growth is slowing and the euro area’s sovereign- debt crisis is deepening.
The pound fell and U.K. government bonds rose, sending yields toward the lowest this year, amid concern the government’s austerity drive is damping growth and will compel the central bank to keep interest rates on hold.
"It keeps yields declining."
- John Wraith on Jan 13, 2015