Swaps should be favoured over gilts – F&C

By Julie Henderson2009-05-08T15:55:00

[16:55 CEST 08-05] UK – Pensions funds are being warned to tread carefully at present when deciding whether to hedge their liabilities against UK gilts, as the huge level of government borrowing is likely to mean yields will need to rise in the short-term to attract borrowers.