Gilt Trip

Who's on gilt watch? Everyone's hands should be raised. The UK government bond market's coming off a truly disastrous week that saw benchmark yields climb to the highest since 2008 and 30-year yields to the highest since the late 1990s. Without mincing words, it's a nascent crisis. Whether the tumult morphs into a full-blown panic remains to be seen. Over the weekend, while on a trip to China, Rachel Reeves said there have "undoubtedly been moves in global financial markets over the last few