Popular Bond Market Reading on UK Economy Flips Back to Normal
- Move restores the normal state of affairs in bond markets
- Traders see the BOE cutting rates as early as August
The Bank of England in London.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
An anomaly that has plagued the UK bond market for more than a year ended on Monday, with the 10-year yield rising back above the two-year.
The move restores what is considered to be a normal state of affairs, and shows investors are pricing an end to the era of tight monetary policy that had distorted rate markets, and raised concerns over the outlook for growth.