One Of 2011′s Unlikeliest Safe-Havens Is Continuing Its Surge

One of the unlikeliest safe havens in 2011 was UK gilts (bonds).

Because of its high debt load and dreadful economy, people don’t frequently talk about gilts as a safe haven on part with US Treasuries, but they performed just as well (for reasons that we explained here).

Today yields on the 10-year gilt are dropping below 2% for the first time since Bloomberg started keeping score, perhaps in keeping with a year end move by managers to get into assets that have performed well lately.

#UK 10 year gilt yield falls below 2% for 1st time (since 1989 when BBG started collecting data) hitting 1.999%.

— Linda Yueh (@lindayueh) December 23, 2011

Here’s a look at their amazing year.

Read more: http://www.businessinsider.com/uk-gilt-yields-fall-below-2-2011-12#ixzz1hFzvWEgu

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