With UK gilt yields unhelpfully following US Treasury yields up in recent months, it was welcome that they followed them down last week. Admittedly, with the prospect of more QE receding and the recovery still strengthening, a further significant fall in UK yields has become less likely. But we doubt that they will rise much over the next couple of years either.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.