1. UK Gilt Yields Hit Fresh Highs Since 1998 as Political Fears and Energy Crisis Deepen Market Stress
UK Gilt yields surged to their highest level since 1998 on Tuesday, marking an 80-basis-point spike above the crisis levels seen during the brief tenure of former Prime Minister Liz Truss in 2022—a period that ended with her dismissal after just 45 days in office following a catastrophic 'mini-budget' that triggered a ...