Technical Analysis

The crisis isn’t over: Gilts lead a global bond slump

The BOE tried an emergency QE program.

The government tried undoing its corporate tax cut.

Yet here we are, with gilts fast-approaching the levels were the BOE intervened and Truss did a U-turn. UK 30s are now up 22 bps on the day and 52 bps from the lows.

This is a monumental test for UK markets and it’s spilling over globally.

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