However, more recently, sterling’s continued decline has not
coincided with lower gilt yields. The benchmark 10-year Gilt yield has risen 22 bp over the
past week. It is true that interest rates broadly have risen, but nothing like the UK has experienced.
The US 10-year Treasury yield has risen
eight basis point in the same period. The 10-year Germany Bund yield has
risen seven basis points. After the UK, Canada has seen the second
biggest increase in its 10-year yield, and it has risen 12 bp.
Sterling: Has the Breaking Point been Reached?
admin
- October 12, 2016
- , 12:00 am
- , Expert Analysis
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