What Drives Government Bond Yields?

If you want to understand bonds you have to understand the yield curve. So in this video, I show what drives short-term yield, long-term yield, how the curve responds to crises and inflation, why prices move inversely to yield and why duration is a sensible risk measure, how coupons are set when bonds are issued and finally why some UK gilts are very tax efficient outside an ISA or SIPP.