“Smells Like A ‘Truss Moment” – UK Gilt Yields Hit 16 Year High, Stocks & Cable Tumble
From ZeroHedge
UK Gilt yields topped 4.80% for the first time since 2008 this morning (up 12bps on the day) having blasted higher since The Fed started on its rate-cutting cycle… This is not (yet) a Truss-style repudiation of the […]
Jan 8th 2025 8:21am EST
Source Link: https://www.zerohedge.com/markets/smells-truss-moment-uk-gilt-yields-hit-16-year-high-stocks-cable-tumble
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fucker gpt summarized that for me:
- UK gilt yields have reached 4.80%, the highest since 2008, due to supply concerns, persistent inflation, and uncertainty over new government policies.
- The pound has weakened, and the FTSE 250 index is experiencing its steepest two-day decline since August, reflecting investor unease.
- These developments evoke memories of the 2022 market turmoil following Liz Truss’s mini-budget, though the current situation is less severe.
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