A Bank of England rate-setter says foreign investors play a particularly large role in buying UK government bonds (gilts), and this concentration could contribute to market volatility. Catherine Mann, speaking as part of her remarks on the gilt market, highlights that overseas demand is a significant factor in how gilts are bought and held. The concern is that if foreign investors change their buying behaviour—whether due to shifts in global risk appetite, currency considerations, or changes in expected returns—bond prices and yields could move more sharply than they otherwise would. While the comments focus on the potential for volatility, they do not suggest that foreign investment is inherently problematic; rather, they underline that the scale of participation matters for financial stability and market dynamics. The reports agree on the substance of the warning and the identification of the rate-setter making the point, with no additional policy measures or new official data cited across the provided sources.