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Key PointsBerkshire Hathaway reduced its positions in Capital One, Bank of America, and Ally Financial.
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Investors have priced in three interest rate hikes over the next two years as a global bond market rout sent UK gilt yields soaring. Two-year gilt yields, which gauges short term interest rate expectations, have jumped over 4.5 per cent, pushing up borrowing costs and putting the UK’s economic stability under threat. The Bank of [...]
Chancellor John Healey is likely to roll-out “large tax hikes” at this year’s Budget due to a rout in global bond markets pushing up the cost of government borrowing, economists have said. A jump in the 10-year gilt yield to the highest level since August 2027 could “further erode” the £22.7bn level of fiscal headroom [...]
Meanwhile, the dollar index trades at 99.82, higher by 0.14%
