10-year gilt yields are as this story goes to pixel at 4.8% and were at 4.829% at 1:30 p.m. They opened the day at 4.68%…
The Truss spike which peaked at 3.47%. This jump has pushed yields to the highest point since the financial crisis – the rate of their growth outstrips other big economies despite a global sell-off currently taking place. Blame zero growth prospects and high spending…
This follows 30-year gilt yields rising to their highest since 1998 yesterday as increased borrowing costs threaten Reeves with a ‘headroom’ wipe-out. Those have risen again today to 5.37%. Freefall…
The panicking Chancellor says she will cut departmental budgets as the spring statement on 26 March approaches, when the all-powerful OBR will rule on whether the ‘fiscal rules’ have been met. Roberto Garcia, head of G10 FX strategy at bank BBVA says this “looks like a small ‘Truss moment’ that could be amplified if investors start to price a more dovish BOE“. Investors are running scared…
Former leader of the SNP in Westminster Ian Blackford told Times Radio why he believes Nicola Sturgeon’s claim that she spent no time in the kitchen and therefore didn’t see any of her husband’s purchases:
“She doesn’t have a passion for cooking.”