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What is normal?

Feb 1 2013  UK government bond yields are said to be abnormally low. But what is normal? Alasdair MacDonald, head of investment strategy at Towers Watson, discusses with demography correspondent Norma Cohen whether history can define a normal yield level. They also look at the risk the UK could succumb to the bond trap which befell Japan.  (4m 0sec)
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Produced by Darryl Thomson. Filmed by James MacDonald and Rod Fitzgerald.

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