This wasn't the kind of bond market reaction that Truss was hoping for

  • UK 30s now 40 bps from the lows
GBP gilts 30s

You can't try to please markets.

30-year UK yields were down to 4.24% earlier today but have since jumped to 4.64%.

The final round of the BOE's gilt-purchase program is due up imminently. Looks like we might get some kicking and screaming afterwards.

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