Based on knowledge from MarketWatch, 30-12 months gilt yields stood at 5.34% in the present day (9 January), whereas 10-12 months gilt yields have been at 4.79%.
As well as, this morning the pound fell to its lowest degree in opposition to the US greenback in 14 months, hitting a low of $1.2239 earlier than barely recovering to $1.23 on the time of reporting.
Treasury steps in to defend Reeves’ borrowing amid gilt market selloff
The Treasury has since stepped in to quell markets’ issues, rejecting claims that increased debt prices had restricted Chancellor Rachel Reeves’s headroom for borrowing and calling such worries “pure sp…
