Gilt Yields Breach Chancellor’s Crying Glass Ceiling

Gilt yields are back up to levels last seen when the Chancellor of the Exchequer cried last week. The rise in borrowing costs then was widely interpreted by the media as an indication that Reeves is now “unsackable”…

10-year gilt yields have hit 4.66% today – the same level seen at lunchtime last Wednesday when speculation around the Chancellor’s position was rife after her visible emotions at PMQs.[…] Read the rest