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Gilt yields - the hidden driver of house prices
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Gilt yields - the hidden driver of house prices
Everyone has assumed, understandably, that the two main factors influencing UK house prices are supply and affordability, but there is a third driver: gilt yields, says James Sproule James Carville, Bill Clinton’s political strategist, famously said if reincarnation was real, he wanted to come back as the bond market, “because then I can intimidate everyone”. Yet for years, most people outside financial services paid scant attention to gilts, un…
·London, United Kingdom
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