What is unfolding in the UK bond market right now is not about inflation alone, and it is not simply about interest rates. This is the type of move that signals a shift in confidence, and once that begins, it feeds directly into liquidity conditions across the entire financial system.
UK 10-year gilt yields have surged to roughly 4.9% , the highest level since the 2008 financial crisis, while shorter-term yields have also spiked sharply as markets rapidly shifted from expecting rate cuts to pricing in multiple hikes. At the same time, government borrowing is coming in far worse than expected, with a £14.3 billion deficit in February alone and…
Read the full article at ACTIVISTPOST.COM
