Futures markets had predicted 3% opening fall
Strongest start to the year since 2001
Appetite for UK Equity Income boosts flows
Allianz Global Investors' Mike Riddell shares his views
Can I call the end of the 30-year bond bull market now?
Foreigner investors have been selling UK gilts at a faster rate than at the peak of the financial crisis in 2009, ahead of the general election.
The yield on a 10-year UK government bond fell to a new record low below 1.4% on Thursday after comments the Bank of England is in 'no rush' to raise interest rates.
Aegon is overhauling its funds for workplace pensions to offer equity-heavy multi-asset plans, in a move away from the industry standard of switching those nearing retirement into ‘safe-haven' cash and gilts.
The average annuity today delivers just over £2,000 less income over retirement compared to one bought in March, when the Chancellor swept away the need for savers to buy the product in his Budget, according to retirement specialist MGM Advantage.
Gilt trip: Getting to know the fixed income wallflower