UK Gilt Yields Near 30-Year Highs As Political/Geopolitical Fears Spark Trussian Chaos Anyone has been in the bond markets for more than a minute remembers the fall of 2022 when UK PM Liz Truss was unceremoniously dumped by her own party after serving 45 days in office as the Gilts market collapsed at unprecedented speed amid economic chaos triggered by her ‘mini-budget’ (and multiple ministerial resignations). The reason we reminisce is that this morning – after a long-weekend closed – UK Gilt yields are soaring once again… to their highest level since 1998 (and are a stunning 80bps above the… — Continue at ZeroHedge News : Read More
