UK Gilt Yields Near 30-Year Highs As Political/Geopolitical Fears Spark Trussian Chaos

Anyone has been in the bond markets for more than a minute remembers the fall of 2022 when UK PM Liz Truss was unceremoniously dumped by her own party after serving 45 days in office as the Gilts market collapsed at unprecedented speed amid economic chaos triggered by her 'mini-budget' (and multiple ministerial resi…

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