UK gilt rally and hawkish ECB
UK gilt yields fell to multi-month lows while ECB's Kazimir argued for acting before high inflation becomes entrenched.
What we know
The UK 10-year fell to 5.23%, its lowest since Sept 2023, and the 30-year fell to 5.648%. Meanwhile Kazimir said the debate is shifting to how much action is needed.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.