Yields on UK government bonds, also known as gilts, hit record lows this week.

Gilts provide safety but they also mean you generally get a low return, especially low at the moment.

If you were to buy a 10-year bond today, the return on your investment would probably be less than inflation, so effectively you would be getting poorer every day. Why would anyone do that?

David Miller, a partner at Cheviot Asset Management and Ian Williams, chairman of Charteris Treasury Portfolio Managers, discuss the pros and cons of bond yields.

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