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UK two-year yield climbs to 5% for first time since 2008 crisis
Mint Mumbai
|June 20, 2023
The UK's short-term government borrowing costs climbed to 5% for the first time since the global financial crisis amid concern the troubling inflation outlook could lead to more aggressive monetary tightening from policymakers
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The two-year bond yield-among the most sensitive to changes in central bank policy-advanced 6 basis points to 5% on Monday, a level last seen in 2008. The latest selloff comes ahead of crucial inflati
This story is from the June 20, 2023 edition of Mint Mumbai.
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