Two-year gilt yields hit highest since 2023 on BOE hike expectations
Investors lifted expectations for Bank of England interest-rate increases over coming months, pushing two-year gilt yields to the highest since 2023. The move followed elevated oil prices, with markets fully pricing in three BOE rate rises by June 20.
Investors have lifted expectations for the Bank of England to raise interest rates in the coming months, pushing two-year gilt yields to their highest level since 2023. Higher oil prices have added to inflation risks, with markets now fully pricing in three BOE rate rises by June 20…