Yield surge to 4.2% on ten year gilts bolsters DB pension funding levels

According to data from Refinitiv IFR Markets, yields on benchmark ten-year gilts rose from 0.974% at the beginning of this year to 2.241% at the end of June and 2.803% at the end of August. This month they had risen to 3.139% at the end of 16 September and 3.495 at the end of 22 September, the day before the chancellor's Mini Budget. By the close of last Friday, yields had spiked to 3.827 and this morning yields pushed up further, breaching the 4% barrier to stand at 4.137 by 9:30am today before reaching 4.2% in the afternoon. Gilt Yields 10yr since 1990 Infogram XPS Pension...