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.
What drives UK gilt yields?
Figure from my academic report