Andrew Bailey’s remarks to MPs about the rise in the 30-year bond yield will bring some relief to the chancellor
The governor of the Bank of England has cautioned against “exaggerating” the impact of a steep rise in the UK’s long-term borrowing costs, which he said was part of a global trend.
Andrew Bailey told MPs the Treasury had continued to borrow at the same interest rate for most of the year despite a rise in the rate on 30-year bonds to a 27-year high.
Continue reading…Andrew Bailey’s remarks to MPs about the rise in the 30-year bond yield will bring some relief to the chancellorThe governor of the Bank of England has cautioned against “exaggerating” the impact of a steep rise in the UK’s long-term borrowing costs, which he said was part of a global trend.Andrew Bailey told MPs the Treasury had continued to borrow at the same interest rate for most of the year despite a rise in the rate on 30-year bonds to a 27-year high. Continue reading…
