Momentum says UK 20-year real gilt yield holds near two-decade high around 2.4%

• Momentum Global Investment Management flagged a sustained jump in the UK 20-Year Real Gilt Yield to roughly +2.4% from about -2.5%.
• Long-dated real yields stayed near post-2022 highs despite shifting Bank of England rate expectations, pointing to reduced odds of 2010s-style ultra-low rates.
• Persistent elevation partly reflects higher term premia tied to gilt supply-demand dynamics, alongside expectations for future real rates.
• Higher real yields improve prospective bond returns, tighten equity valuation support via higher discount rates, with growth stocks most exposed.
• Pension schemes could see lower present values for long-dated liabilities, though outcomes depend on asset-liability structure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Momentum Global Investment Management Ltd. published the original content used to generate this news brief on September 28, 2026, and is solely responsible for the information contained therein.