Bond Yields

What drivers have historically affected interest rates? It is recognised that these may be different at the short, medium and long end of the yield curve. As bond yields are a key determinant in valuing pension scheme liabilities this research will address:

• if interest rates are currently too ‘low’ given the main drivers of interest rates
• how these drivers may change through time and could drive interest rates in the future.

Outputs:

• Bond Yields Working Party presentation given to the Risk and Investment Conference 2014
• produce a core paper initially for consultation and consider the forum that it would be most suitable for at that time
• a​rticle for the actuary magazine and/or other pension’s publication.