Investors run for cover in 30-year gilts

The price of 30-year gilts soared as much as 1.8% this morning, before retreating to 1.3% at 11am, with investors looking to shield their capital from the volatile market conditions. F&C's Ian Robinson, who runs the group's £33m Corporate Bond fund, said he expects investors to flock into 30-year gilts as the area has underperformed over the past month. He said 10-year gilts have proved popular over the past couple of weeks as investors ran for cover, so valuations of 30-year gilts have become more appealling. He added he expects more money to flow into US treasuries, with 10- and ...