Emeritus Prof Christopher May on Nostr: While a lot of the discussion in the UK press about the rising yield (falling price) ...

While a lot of the discussion in the UK press about the rising yield (falling price) of Gilts (Govt. debt) is focussed on the impact on Labour's fiscal plans, its worth being clear that that this is not entirely market traders judgement on those fiscal plans, but rather reflects (also) a wider shift in the yield on public debt across the world.

In other words, while there are UK-only factors at play, it is myopic to think they are the *oinly* factors here

#PublicDebt
https://theconversation.com/uk-borrowing-costs-have-hit-their-highest-level-since-the-banking-crisis-an-economist-explains-whats-happening-247122