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Themes for LDI in 2025

Themes for LDI in 2025

29 January 2025 Solutions, Video

Robert Gall, Head of Market Strategy and David Jamieson, Senior Market Strategist

Key takeaways:

  • The recent sharp rise in UK gilt yields was largely due to a global move and not a UK-specific issue.
  • However, higher debt levels and the greater hedge fund ownership of gilts means we should expect more gilt volatility in the future.
  • We are seeing increased supply of lower-coupon gilts. This will increase roll-over risk for pension funds.
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