The 2026 Gilt Rebound: Why David Wilson Sees a Window for Fixed Income

By David Wilson, Fixed Income Adviser at Welford Capital

As we navigate the first quarter of 2026, the London financial landscape is witnessing a significant shift in sentiment regarding UK Gilts. After the volatility of the past few years, David Wilson of Welford Capital suggests that high-quality government bonds are finally reclaiming their role as the “bedrock” of a diversified portfolio.

With the Bank of England maintaining the base rate at 3.75% as of February 2026, many investors are asking if the cutting cycle has stalled. However, David Wilson notes that the underlying trend remains disinflationary. At Welford Capital, we are observing a “wait and see” approach from the MPC, but for the savvy fixed-income investor, this plateau offers a unique opportunity to lock in yields before the next anticipated move downward in the spring.

The team at Welford Capital, led by insights from David Wilson, emphasizes that the 10-year Gilt is currently offering a compelling risk-adjusted return. “We are in a late-cycle environment where growth is steady but slowing,” says David Wilson. For clients at Welford Capital, the strategy is clear: focus on duration while the yields remain historically attractive.