UK gilts extended declines as the Bank of England refused to buy bonds maturing in 2017 in Monday's auction, after traders aggressively drove up prices.
Sterling and gilt yields have dived following the surprise announcement by the Bank of England it is increasing its quantitative easing programme by £75bn.
Fidelity manager prepares to add to corporate debt of winning companies with pricing power.
In December 2009, an economic paper called Growth in a Time of Debt was published by Reinhart & Rogoff.
The UK government bond bull run is ‘overdone' and set to derail, with yields rising from their historic lows as investors struggle to find value in the space, managers say.
The Debt Management Office is considering launching index-linked gilts with a maturity of 50 years in October after the idea of a new batch of ultra-long bonds was proposed to investors.
Henderson chief economist Simon Ward has said the sharp fall in gilt yields does not indicate the UK is headed for a Japan-style deflationary environment.
The gilt market is becoming like the tech sector in 2000 as investors pile into UK government debt, warned Schroders' Adam Cordery.
Investors are flocking to safe haven UK government bonds as they seek shelter from turbulent global markets.
Yields on the 10-year gilt have fallen to an all-time low below 2.77% as recessionary fears resurface across the globe.