Market Report: UK markets lag as global yields stall, but UK gilts continue to climb
Matt Britzman, senior equity analyst, Hargreaves Lansdown: “UK markets opened broadly flat this morning, feeling continued pressure from rising UK bond yields (gilts) and shifting rate expectations as investors grappled with persistent inflation concerns. The yield on the UK 10-year gilt climbed to 4.9%, its highest since July 2008, as traders once again pared back expectations […]