UK gilts trading at their lowest yields since the 1890s

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In recent weeks UK gilts have been trading at their lowest yields since the 1890s.

On Monday, UK ten year bonds were trading at a yield of 2.39%, having touched as low as 2.24% the previous week.

Bank of England figures suggest that annual average yields on UK consols, as gilts' predecessors were known, were as low as 1.96% in 1897.

Colin Ellis from the British Venture Capital and Private Equity Association told Wake Up To Money whether that was good or bad news.

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