Haomiao Ma马浩淼

Academic work · Research

What drives UK gilt yields?

Global Macro Investing · March 2026

An empirical examination of macroeconomic drivers of UK long-term interest rates and the 2026 outlook.

What I worked on

  • Used annual UK data from the Global Macro Database for trend analysis and empirical research.
  • Estimated lagged-variable OLS regressions in Stata and compared alternative specifications.
  • Connected the empirical evidence to a discussion of UK long-term interest rates in 2026.

ACADEMIC WORK / DATA EXPLORER

UK long-term gilt yields

Global Macro Investing · Annual data

20254.13%Annual long-term rate
UK annual long-term interest rate66 annual observations from the original research sample, 1960–2025. Units: percent.0510151960197019801990200020102025Long-term rate (%)Year

Source: Global Macro Database version used in the research · 1960–2025 · Not live market data