A Bond Primer for Non Believers

It really is time for the nonsense to stop.

23 Aug 2026 12:02 +0100 · 4 min · NeilW

The 9.6 per cent gilt yield is a bug in the model

The OBR’s 9.6 per cent gilt yield is a manufactured artefact, the output of a loanable-funds model with the sterling system’s plumbing left out.

11 Jul 2026 07:56 +0100 · 2 min · NeilW