When 10-year gilts – bonds issued by the British government – yield 0.7pc, the appeal of rental yields of 4pc or 5pc implicitly backed by the same government is obvious. It is even more so when a marked price difference has emerged between two alternative ways to get exposure to such income streams.
Questor: a 5.7pc government-backed yield – ‘We can’t make sense of the pricing anomaly’
