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…
Sarah Pochin at Reform Scotland’s manifesto launch event: “I really wanted to come on in a Reform tartan burka, but apparently I wasn’t allowed… One day let’s do one of these events not live-streamed. We’ll do all the naughty stuff…”