CYB has gained some momentum recently - where to next?

Direct From The Desk – I took a quick look at CYB today and outlined some of the reasons why it’s been strong in recent times – largely comes down to interest rate expectations in the UK and they’re highly leveraged to it. A 1% hike in rates in the UK gives CYB earnings a +30-40% boost. We have 10% of the MM Platinum Portfolio in CYB and enjoying the ride. I cover our target level in the update below.