The UK has seen gilt yields rise sharply in early 2025 no doubt but they don't look quite as horrific when you look at it like this. Gloomy UK narrative looks overdone - 2-yr yield in line with rest of Europe/US - 10-yr yield 5bps above average move - 30-yr yield a bit worse, 7bps above average
January 13, 2025 at 5:26 PM
The UK has seen gilt yields rise sharply in early 2025 no doubt but they don't look quite as horrific when you look at it like this. Gloomy UK narrative looks overdone - 2-yr yield in line with rest of Europe/US - 10-yr yield 5bps above average move - 30-yr yield a bit worse, 7bps above average