The latest Gilt gyrations and explosion in yields...
... have brought (unwelcome) attention to the growing pressure of borrowing costs on public finances. However, this is not a UK-specific issue. It is a global issue that was top of mind until Q4 2023. At that point, central banks stole the thunder with a growing dovish narrative that culminated with a near record number of cuts being delivered in the second half of 2024.
