Q: Which bond yields are rising? A: All of them
If you have been reading and watching UK media recently, you're probably quite aware of the furore surrounding what the BoE has been up to in apparent response to the mini-budget shenanigans of the new Tory government.
The problem with the media, as I have been saying quite a lot on good old, GB News recently, is that there is a belief things in the economy are isolated and work linearly.
'This one event led to XYZ right away, so this must be the cause!'
I stated here that the market is 'forward looking' and we shouldn't simply jump