"It Looks Like A VaR Shock To Me": Gilts, Pound Crash Amid Panic Over Unsustainable UK Deficit
“It Looks Like A VaR Shock To Me”: Gilts, Pound Crash Amid Panic Over Unsustainable UK Deficit As we warned yesterday in our review of the just announced UK Budget (see “UK Gilt Yields Soar After Reeves Reveals Budget: Market Braces For Inflationary Debt Surge“), debt has always been the UK’s Achilles’ heel. That’s because […]
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