The UK is in a “dangerous” situation, Allianz Chief Investment Officer and Chief Economist Ludovic Subran says, speaking after the yield on long-dated gilts rose to the highest since 1998. The rising borrowing costs put further pressure on Prime Minister Keir Starmer and Chancellor of the Exchequer Rachel Reeves to take steps to regain the confidence of markets. “What I’m looking for right now is a way to reassure the markets on the fact that the situation especially on the headroom on the fisca
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30-Year Gilt Yields Climb to Highest Level Since 1998
