Cash offers little, so here's a deal. Loan the government money for ten years and earn about 1.25% per annum. Before inflation. The odds are investors will lock themselves into negative real yield for ten years.
Although we do hold government bonds - they are relatively safe, diversify risk from equities and were beneficial last year - it is obvious central banks, including the Bank of England, are more hawkish....
Songs from writers Johntá Austin, Sean Garrett and Rico Love
Analysts in bullish mood
Uncertainty has resulted in 2% less growth
Expected to complete in Q2