Chris Dillow 

Expensive insurance

Chris Dillow

Chris Dillow
Expensive insurance

Is there any point in holding gilts? The question arises from the fact that if you hold them to maturity you are guaranteed to lose a lot of money. Twenty-year index-linked gilts now yield minus 1.8 per cent, which means you’ll lose 30 per cent in real terms over their lifetime. Real terms losses on conventional gilts would probably be only slightly smaller.

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