News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

View

The UK is the new engine of bond market distortion

COMMENT: Britain has taken over from Japan as the world’s wildest bond market, raising new questions about central bank distortions

The UK is the new engine of bond market distortion
Photo: iStockPhoto

Britain has taken over from Japan as the world’s wildest bond market, raising new questions about the distortions being caused by central banks.

The soaring price (and so plunging yield) of the 30-year gilt means it has now returned the same 31% over the past 12 months as the Japanese 30-year note, even as some of the excess in long-dated Japanese bonds falls away.

WSJ Logo