The pound headed for its biggest three-day drop in nearly two years on Thursday, under pressure from a sell-off in global ...
The pound fell to its lowest since late 2023 on Thursday, under pressure from a selloff in global bonds that has driven the ...
Risk managers at dealers, clearinghouses and hedge funds are also to blame for the selloffs in Treasury and gilt markets.
The new year's alarming spike in British government bond yields owes much to a sharp rise in global sovereign borrowing costs ...
On the other hand, bond yields can rise for bad reasons. If inflation raises a head in any of its ugly forms, or because investors worry about the indebtedness of a country or its ability to service ...
Looking at wider markets — the FTSE 100 is up 0.7% at around 8,310. The FTSE 250 is flat at 19,950. The 10-year gilt yield is ...