In my pension list of funds there is one that has outdone all the others It's the AA/AAA European government bonds 10 year plus Over past 12 months it has returned 8.59% Over past 7 years it has grown 60% I'm trying to understand how this is possible? These are the euro country bonds yields? Germany is 0.08% France is 0.5% Is it because of some unexpected rates change (expected to go up but didn't)? Can we expect this fund to continue to grow in this way ? It's considered medium risk Which is lower risk than the world equities. Which performed worse.