personal investment blog

Gilts – reality starts to bite

Gilts – reality starts to bite

4 Feb 2013

“The UK is a must to avoid. Its Gilts are resting on a bed of nitroglycerine.” So said Bill Gross in January 2010. Mr Gross (who works for Pimco) is the best known bond investor in the world. He is the only fixed interest specialist invited on to the Barron’s Roundtable. When he made that comment, 10 year Gilts yielded 4%. Eighteen months...