Yield rises start to pick up pace from 2003 lows

Global bond yields have risen significantly in the past year from the extreme lows they reached on 1...

Global bond yields have risen significantly in the past year from the extreme lows they reached on 13 June 2003, suggesting investors see them as a far from risk-free asset. Ten-year UK gilts have seen their redemption yield rise from 3.85% to 5.25% in the middle of June, while in the US, 10-year Treasury yields over the same period rose from 3.11% to a high of 4.87%. James Knowles, investment director at Hichens Investment Management, says: "For an asset class that has traditionally been seen as dull and boring, these movements illustrate a substantial change in investors' views over th...