Refinitiv Newscasts - UK Day Ahead: UK gilts sell off after inflation falls less than expected

Vontobel Holding AG

24/05/2023 15:31

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_uxrz4l3i&referenceId=1_uxrz4l3i&pageId=RefinitivNewscasts
Source: Reuters

Description: Traders are now pencilling in further rate hikes after consumer
price inflation came in at 8.7% in April — down from 10.1% in March.
Government borrowing costs shot higher on the figures with the yield on the 2
year gilt not far off rates last seen after Liz Truss’s unfunded 2022
“mini” Budget wreaked havoc in financial markets. Markets now think
interest rates will peak at 5.5% - currently they stand at 4.5%
Short Link: https://refini.tv/3owln1h

Video Transcript:

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