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UAO Daily Video Brief — July 31: A Headline Yield Is Not a Liability Curve

At 10 years nominal rose 7bp with real unchanged; at 30 years nominal rose 12bp with 6 of them real. One move, two decompositions - and neither prices a sterling pension promise.

UAO Daily Video Brief — July 31: A Headline Yield Is Not a Liability Curve

The Universal Owner · Daily video briefing · Friday, July 31, 2026

At 10 years nominal rose 7bp with real unchanged; at 30 years nominal rose 12bp with 6 of them real. One move, two decompositions - and neither prices a sterling pension promise.

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