Sharp declines in bond yields spur big capital gains for investors who bought bonds before the Brexit vote. Michael Mackenzie, FT markets editor, explains.

► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs

For more video content from the Financial Times, visit http://www.FT.com/video

Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes