“While the Prime Minister had every intention of making waves in her first weeks in charge, she clearly didn't anticipate the storm,” Craig Erlam, a senior market analyst.
to lessen the economic impact Brits felt from the highest inflation in decades and an energy crisis spurred by Russia’s war in Ukraine: A $50 billion tax cut designed to largely benefit the U.K.’s wealthiest, which spooked investors considering an increase in spending could worsen inflation and it was unclear how the government was going to pay for the plan, and energy price caps.
Both British and American bond yields touched their highest level during Truss’ tenure since the late 2000s, during the last prolonged global recession.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘A Fantastic Mess’: Here’s How Much U.S. And U.K. Stocks And Bonds Cratered During Liz Truss’ TenureBond yields in the U.K. and U.S. skyrocketed to their highest levels since 2008 as the market lost confidence in governments’ ability to navigate a looming recession and digested sticky inflation data.
Read more »
Adjustable-rate mortgage applications rise to highest level since March 2008 — as overall applications fall. So what's going on?Mortgage applications fell 4.5% this week. Applications fell for the fourth month in a row, to the lowest level since 1997. With the 30-year almost a percent higher than an adjustable-rate mortgage, buyers are opting for the latter.
Read more »
US Dollar Price Analysis: Bulls are moving in towards Thursday's highsIn trade on Thursday, the US dollar and US bond yields rose, with the US 2-year topping the highest since 2008 at 4.614%. Federal Reserve Bank of Phil
Read more »
East Chicago teacher who allegedly made 'kill list' has yet to post bondAn East Chicago teacher who allegedly admitted to making a 'kill list' could walk out of jail as soon as Thursday night.
Read more »
BOJ, battling rising yields, will conduct emergency bond buying for 2nd dayThe Bank of Japan said on Friday it would conduct emergency bond buying operations for a second day, as the 20-year government bond yield rose to a new high in a further challenge to the central bank's resolve to defend its easy policy stance.
Read more »