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Showing posts with the label UK financial crisis

Bank of England throws in the towel, rather than triggering interest rates, buys long dated gilts, prints money to mess with the short end of the bond market. Stocks and bonds all go bid, alongside the oil price. Total backfire. Central Bank lesson of how 'yield control' with inflation is dangerous.

The 10 YR BOND (U.S.) and 10 YR GILT (U.K.) reach 16 year highs. U.K. financial crisis is heating up dragging U.S. yields.