notayesmanseconomics.wordpress.com
The UK is on the edge of a bond market crisis
The business week in the UK has opened with rather a problem. It flows directly from my post on Friday about the rise in bond yields and looks worse because of the impact of the Bank Holiday. Let me start with the numbers via the economics editor of the BBC Faisal Islam. UK gilts chunky rise this morning to new multi decade high yields, catching up with what has happened globally (markets closed in UK) since the comments in Jackson Hole on Friday esp from Fed Chair Kevin Warsh..
