Telegraph: Don't get your hopes up for market chaos on Friday

The polls have been pointing firmly towards a hung parliament for the past three weeks or so (before then the likelihood was narrower). If you were of the opinion that a hung parliament would spell disaster, you would be ditching your gilts, something which would push the average yield significantly higher. As you can see, yields have in fact fallen since the Cleggmania began. They are now well below 4pc. Why? Probably three factors, to a greater or lesser degree ...