Capital Economics: Rising Proportion of Price-Sensitive Investors Puts Pressure on UK Gilt Market

```htmlGolden Ten Data reported on March 30 that Joe Maher from Capital Economics stated in a report that UK government bonds face the risk of weak performance due to a rising proportion of price-sensitive investors in the market. He pointed out: "The ownership structure of bonds has shifted from pension funds and the Bank of England to more recently price-sensitive buyers." This change has increased the volatility of the UK bond market and raised concerns about the risk of further rises in yields. According to Tradeweb data, the yield on 10-year UK government bonds fell by 6.5 basis points that day to 4.922%. However, since the outbreak of the Middle East war four weeks ago, the yield has risen by about 68 basis points in total.```