U.K. Bonds Prove World’s Best as Cameron Avoids Euro Stress
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The U.K. is home to this year’s best performing government bond market as investors seek a haven in nations with top credit ratings and their own monetary policy.
Gilts have returned 17 percent on average in 2011, including reinvested interest, the most among 26 government markets tracked by Bloomberg and the European Federation of Financial Analysts Societies. They beat German debt, considered the euro area’s safest securities, by more than 7 percentage points, the most since 1998. U.S. Treasuries made 9.8 percent.