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Gilt curve inverted Klaxon... first time since the financial crisis —-
In English, UK Government can currently borrow from markets more cheaply over a decade than it can over 3 months or two years... Rare - normally signals market expectation of weak growth/ recession.
In English, UK Government can currently borrow from markets more cheaply over a decade than it can over 3 months or two years... Rare - normally signals market expectation of weak growth/ recession.
Last occurred in UK in mid 2008 (pre Lehman) and then for most of 2007 (ahead of start of crisis)
Also seen in US today for first time since 07...if these signals are right, a storm is brewing in global economy, just at the very time UK political crisis resumes: (via @business )
Also seen in US today for first time since 07...if these signals are right, a storm is brewing in global economy, just at the very time UK political crisis resumes: (via @business )
Not quite at German levels yet, which as I was explaining on Today last week means the German government is being paid by international markets to borrow money from them - even over many years.
