Gilts will have to get off the fence

Gilt yields have been steady for a while now, says Alice Gråhns. But that can't last much longer.

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It's been a good few months for UK bond investors. The yield on the benchmark ten-year gilt dipped below 1% last week, a level last seen in October, says Kate Allen in the Financial Times (bond yields fall as prices rise). US and German yields haven't fallen as far, implying that markets are "flagging a deteriorating outlook for the UK economy as the country negotiates Brexit".

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Alice grew up in Stockholm and studied at the University of the Arts London, where she gained a first-class BA in Journalism. She has written for several publications in Stockholm and London, and joined MoneyWeek in 2017.