'Full scale panic' has hit markets - M&G's Lord

'Full scale panic' is once again returning to markets following the Greek election, with safe haven bond yields - including gilts - likely to continue setting new record lows, said M&G's Ben Lord.

Lord, (pictured), manager of the M&G High Interest fund and co-manager of the UK Inflation Linked Corporate Bond fund, said the failure of Greek politicians to agree a new coalition government has once more sparked fears the country will exit the euro. Greece's New Democracy party tried and failed to put together a coalition on Monday after winning the election. It means the left-wing Syriza bloc is now trying to construct a coalition, but with the party determined to reject austerity plans, Lord said investors are now in panic mode. "Greece's election is a big deal. It is likely goi...