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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: City expects interest rates to stay higher for longer as gilts surge again; shares fade

Credit Suisse UBS European Central Bank US Federal Reserve

Gilt yields rose closer to mini-Budget levels today ami new fears the Bank of England will keep interest rates higher for longer.

The yield on a two-year gilt exceeded 4.6%, just over 10 basis points short of thr 4.734% peak in the immediate aftermath of Kwasi Kwarteng’s “fiscal event” last year.

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