@elerianm.bsky.socialThis sharp rise in UK gilt yields—with the 10-year up another 7 bps this morning to 5.45%—further complicates an already difficult UK budget formulation.
Indeed, this may well be the toughest fiscal formulation challenge in years.
#economy #markets #uk #budget #yields
@ownfeed.bsky.socialThis sharp rise in UK gilt yields—with the 10-year up another 7 bps this morning to 5.45%—further complicates an already difficult UK budget formulation. Indeed, this may well be the toughest fiscal formulation challenge in years. #economy #markets #uk #budget #yields
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