CNBC Alert!
It would seem that, in a matter of months, the world has become a pretty scary place. Nowhere is that better reflected than in the historic drop in interest rates around the world.
In the U.K., which votes next week on whether or not to break away from the European Union, 10-year Gilt rates (British bonds are called “Gilts” because they used to be printed on gold-edged paper), are yielding a record low 1.13 percent