⚖️🇬🇧U.K. 5-Yr Gilt Yield Sees 2-Sigma Day, Up 50Bps: Cable FX Macro
- Rosbel Durán
- Sep 23, 2022
- 1 min read
The U.K. yield for 5-yr gilts rises 50.3 basis points on the day to 4.043%, the 10-yr gilt yield is up 33.3 basis points to 3.820%, the biggest jump on record
The magnitude is remarkable as it records a 2-sigma move on the 5-yr tenor
U.K. sovereign debt has been offered since this morning release of government's plan to support the economy, which includes tax cuts and energy financing to aid businesses and households.
Debt markets reflect the lack of confidence in the U.K. government's plan as a twin deficit is set to weaken the country's credibility
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