The UK Bond Yield Curve.
The sell-off continues to pick-up steam.

The UK Bond Yield Curve.
The sell-off continues to pick-up steam.

Fed will put an end to this.
Sinking ship
I blame liz truss for cutting the higher rate of tax from 45% to 40%. Oh, hang on a minute……
Would this be accurate?
When the US, as the reserve currency, raises rates (which increases the risk-free rate to hold money at the Fed), that causes sell-offs in other major bond markets (like the UK).
So the other market central banks are also forced to raise rates to protect their currency and prevent liquidity from exiting their bond markets.
It's because the UK doesn't make anything anymore, except for heavy armored.