Gilt yields plunge despite portents

Boris_Jonhson_PA_230x150
By Mike Turner
05 Aug 2019

UK sovereign debt yields fell to their lowest level on record on Monday, despite warnings that the new government’s latest spending promises and the threat of a no deal Brexit will heap pressure on the UK’s credit metrics.

The yield on 10 year Gilts fell to 0.492% on Monday, falling below the record low set in August 2016 when the Bank of England cut interest rates to their lowest ever level following the Brexit referendum.

Investors are flocking to assets with perceived haven status amid rising no ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial