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May.20 — Buyers of gilts in the U.K.’s first ever bond sale with a yield below 0% could see the value of their holdings plummet within hours, if Bank of England Governor Andrew Bailey repeats his opposition to negative interest rates when testifying before a Parliament committee later on Wednesday. Joyce Chang, chair of global research at JPMorgan, comments on the risks facing the U.K. in an interview on “Bloomberg Surveillance.”

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