Last week the UK government raised £4bn by selling a bond which is due for repayment in 2073, over 50 years hence. Such was the enthusiasm shown by the buyers that it could have sold ten times that much. The previous week inflation, the force that destroys bond values, reached a five-year high and is widely expected to pass 7 per cent soon. The government is paying just 1.2872 per cent.
A Long Time in Finance: an audience with the bond market’s Wyatt Earp
Neil and Jonathan speak to Jim Leaviss, one of Britain’s best known bond fund managers, about the huge bull market in bonds.
