Latest updates: chancellor Jeremy Hunt is set to make a statement this morning reversing more of his predecessor’s mini-budget
Sky’s Ed Conway has more on gilt yields this morning.
Commenting on developments in the markets this morning (see 8.27am and 8.31am), Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said: “
Today’s developments may hold off a fresh assault on government borrowing costs by the bond vigilantes standing by in the UK gilt market, but it could only be a temporary reprieve.
Trussenomics may have been ripped up and fed to the shredder but the author of the big gamble remains in power, and has the final say on the direction of travel.
