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higher gilt yieldsCNBC
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86% Informative
Borrowing costs are also rising in the euro area and the U.S. , and economists point out that and the UK is being weighed on by external factors including the return of Donald Trump to the White House and expectations for broadly higher interest rates than previously expected this year .
The march higher in U.K. bond yields since the launch of Labour government's debut budget plan in October sparked widespread concern last week .
Cable downplays comparisons with the U.K. mini-budget crisis in 2022 , when then-Prime Minister Liz Truss 's announcement of sweeping tax cuts triggered massive volatility in the bond market.
Bank of America strategists called comparisons with 2022 "overblown," noting that the bar for the Bank of England to intervene in the gilt market, as it did at the time, was high.
VR Score
91
Informative language
93
Neutral language
65
Article tone
formal
Language
English
Language complexity
60
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Hate speech
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
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3
Source diversity
3
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