Gilt market volatility isn’t all down to the ‘moron premium’

Since the Truss/Kwarteng mini-Budget, ‘moron premium’ has become shorthand for gilt market dysfunction. But the latest spike in 30-year yields can’t be pinned solely on fiscal missteps. For Stephen Snowden, Head of Fixed Income at Artemis, a higher-for-longer environment, elevated real yields and bruised sentiment are starting to create selective opportunities in long-dated gilts – even if volatility remains. Click "Visit" to read Snowden’s article on Investment Week’s latest Fixed Income Portal.