Two-year gilt yields, which led the selloff as investors pared back rate cut expectations, have risen 26 basis points on the week, set for their biggest weekly increase since June 2023.
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Babirusas are believed to have diverged from their pig ancestors between 26 million and 12 million years ago after getting isolated on Sulawesi when sea levels rose at the end of the last ice age.
In stark contrast to the retreat in U.S. yields on Thursday, the British bond market juddered at the prospect of higher borrowing tallies - with 10-year gilt yields hitting their highest in almost ...
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to ...
Thus, the market has reason enough to price growing chances of a 50bp cut in December and a terminal rate below 2%. Going against the prevailing tide, Gilts saw quite a sell-off, seemingly triggered ...