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Fed's Mester: Gilt event is a cautionary tale about unforseen risks around hiking rates
The gilt market is an interesting one today as we see some compression in the curve on a long-end led bull flattener. UK 2s appear to have found a floor at 3% while 10s dive towards the same level.
What struck me about today's UK budget was that even with all the tax hikes and austerity, it only lowers UK debt to GDP by a tiny fraction over the forecast horizon.
This article was written by Adam Button at forexlive.com... Read More Posted: Nov 17 2022, 14:52
Author Name: forexlive
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