The chancellor will be monitoring the price of gilts after last week’s selloff and data to come on inflation and growth
Rachel Reeves will be back at her desk in the Treasury on Monday after her trade mission to China as markets reopen after last week’s bruising bond selloff and ahead of some key economic data on inflation and growth.
Officials will be monitoring closely moves in the price of government bonds, or gilts, after they were sold off sharply last week, pushing the 30-year yield – effectively the interest rate – to its highest level since 1998.
Continue reading…
