UK 2-year Gilt yields rise to 5% for first time since 2008, up 7 basis points on day

The squeeeeeeeze on UK yields continues.

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**UK 2-YEAR GILT YIELDS RISE TO 5% FOR FIRST TIME SINCE 2008, UP 7 BASIS POINTS ON DAY

**UK INTEREST RATE SWAPS SHOW GREATER THAN 50% CHANCE OF BOE RATES REACHING 6% BY FEB 2024