Gilts
What is the reason behind this volatility in Gilts? Inflation uncertainty, IR uncertainty, but why such big moves in long dated with minimal news?
Any takes?
What is the reason behind this volatility in Gilts? Inflation uncertainty, IR uncertainty, but why such big moves in long dated with minimal news?
Any takes?
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way i'm thinking this through currently is:
1) global yields more broadly as turning higher. upwards pressure in US too off back of concerns re fiscal policy, big issuances, tariffs and sticky inflation as drivers there
2) UK specifically, speaks to growing concerns re government's borrow/spend agenda and fiscal prudence, but also growth momentum fading fast with little confidence in that being corrected near term.
Not sure on why sell-off re these ongoing concerns happens to be right now, but those are my general thoughts. Interested to hear others re
From Conks

Also, why would any rational money manager buy a country's bonds that has no freedom of speech and allows illegal aliens to groom their children?
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