Gilts Buoyed Into Brexit Vote Are Best-Performing Bonds: Chart

(Bloomberg) -- Given the recent surge in U.K. sovereign yields, you could be forgiven for thinking gilts have had a nightmarish year. The truth: their returns are the highest among the world’s major debt markets. While the nation’s 10-year bond yields have doubled this quarter, the notes are cushioned by the rally witnessed around the U.K.’s vote on the European Union.

To contact the reporter on this story: Charlotte Ryan in London at cryan147@bloomberg.net. To contact the editors responsible for this story: David Goodman at dgoodman28@bloomberg.net, Ven Ram