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I've got a very weak signal http://xxx-xxxxxx.in.net/sitemaps/1.html porn The third worry has had the least media attention but has the greatest potential to hurt shares in the end. Interest rates on long-term government bonds have risen significantly. Or to put it another way, the astonishing bull market in these bonds has ended and gone into reverse. The redemption yield on a typical British 15-year government bond has increased to 3.2pc. So bonds now offer a better interest yield than before which means that shares are not obviously better value. Yet clearly they are still more attractive. The average dividend yield on the FTSE 100 index is 3.6pc as I write and, considering that dividends rise in the long term, shares are still a much better buy. There will have to be a much bigger rise in government bond yields before shares have a problem. One day, yes. But probably not for a few years.
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