28-09-2022, 07:18 AM
PUBLISHED TUE, SEP 27 20226:37 AM EDTUPDATED TUE, SEP 27 20227:44 AM EDT
Sophie Kiderlin
https://www.cnbc.com/2022/09/27/uk-lende...chaos.html
Sophie Kiderlin
- The British bond and currency markets have been in turmoil since Finance Minister Kwasi Kwarteng announced his “mini-budget” on Friday.
- The yield on the U.K. 10-year gilt soared to levels not seen since 2008 on Monday, while the British pound plummeted to an all-time low against the dollar.
- Markets have begun pricing in a base rate rise to as high as 6% for next year, from 2.25% currently, raising concerns among mortgage lenders and borrowers.
https://www.cnbc.com/2022/09/27/uk-lende...chaos.html