Gilt yields can continue to rise, not just because of political risks, but also on the back of the Bank of England’s quantitative tightening. Meanwhile, US Treasuries continue to feel pain from the never-ending shuttering of the Strait, with April CPI data already high, and set to rise further in the coming months. Not great for core bonds generally
Politics Are Adding to the Long List of Bearish Gilt Forces. Gilt yields continue to rise on the back of the political turmoil around Labour’s leadership, and yields can still push higher [...]