“Bond Market Rout” in the UK (like in the US) Only Pushes the 10-Year Yield into Low End of Old Normal after Many Years of Interest Rate Repression
wolfstreet.com/2025/01/09/bond-market-rout-in-the-uk-like-in-the-us-only-pushes-the-10-year-yield-into-low-end-of-old-normal-after-14-years-of-interest-rate-repression
A normal cost of capital is a form of discipline for governments and investors, after years of free money turned their brains to mush.
By Wolf Richter for WOLF STREET.
The 10-year yield of UK government securities rose to 4.82% today, the highest since July 2008. The 30-year gilt yield…
This story appeared on wolfstreet.com, 2025-01-09 20:21:33.