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...