Richard Carter of Quilter Cheviot said in the report that the sharp rise in British Treasury yields in recent weeks is bad news for the British government because it has raised concerns about the state of public finances. The prospect of rising inflation due to the policies of the incoming US Trump administration is leading to a rise in US bond yields, and British bond yields are also rising. “The Bank of England is still wary of overly aggressive interest rate cuts. Investors' demand for the latest round of British bond sales is tepid, highlighting market uncertainty.” The short-term outlook is particularly difficult to predict ahead of Trump's January 20 inauguration, which has increased volatility.

Richard Carter of Quilter Cheviot said in the report that the sharp rise in British Treasury yields in recent weeks is bad news for the British government because it has raised concerns about the state of public finances. The prospect of rising inflation due to the policies of the incoming US Trump administration is leading to a rise in US bond yields, and British bond yields are also rising. “The Bank of England is still wary of overly aggressive interest rate cuts. Investors' demand for the latest round of British bond sales is tepid, highlighting market uncertainty.” The short-term outlook is particularly difficult to predict ahead of Trump's January 20 inauguration, which has increased volatility.