Loading ...“This Looks Like An Absolute Disaster”: UK Short-Term Yields Blow Up Most Since 2010 As Frantic Traders Front-Run BOE Rate Hikes
Frantic rates traders pulled forward rate-hike bets after BoE governor Bailey said over the weekend that the central bank “will have to act” on inflation. The move manifested in a huge spike in 2Y gilts, which rose as much as 17bps to 0.75%…