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UK bonds are in meltdown again – what does that mean for pensions? Expert Q&A

  • Written by David McMillan, Professor in Finance, University of Stirling

UK government debt prices have taken an unnerving journey south in the past few days. The closely watched ten-year bond has now hit a yield of 4.3%, taking it within a fraction of the level that caused a crisis in autumn 2022.

The cause that time was Liz Truss’s mini-budget, which investors decided jeopardised the public finances, prompting...

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