U.K. gilt yields hit multiyear highs on inflation and fiscal worries
U.K. government bond yields rise to multiyear highs, tracking a global jump in yields tied to inflation concerns and higher oil prices. Uncertainty over U.K. fiscal policy ahead of the Oct. 28 budget statement weighs on gilts.
Yields on U.K. government bonds, or gilts, climb to multi-year highs, mirroring a jump in bond yields globally due to inflation worries as oil prices rise.
Uncertainty around U.K. fiscal policy ahead of the budget statement on October 28 is also weighing on gilts, Deutsche Bank Research economists…