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UK 2yr highest since 2011

GILTS
  • This is going to be a very interesting Month for UK Rates and Govies markets, with the next BoE meeting on the 17th March.
  • CPI this morning beat expectations but Real earnings fell yesterday. Real income is seeing the largest squeeze since 2014.
  • Interest Rates are set to rise, with 42bps pried in for March, and 82bps by June, as noted in the previous SONIA comment.
  • While Household Bills are set to spike across the board as well as taxes in April, impacting the standards of living.
  • UK 2yr yield test highest level since 28/02/11.

Chart source: Bloomberg

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