This sharp rise in UK gilt yields—with the 10-year up another 7 bps this morning to 5.45%—further…

This sharp rise in UK gilt yields—with the 10-year up another 7 bps this morning to 5.45%—further complicates an already difficult UK budget formulation. Indeed, this may well be the toughest fiscal formulation challenge in years. #economy #markets #uk #budget #yields https://t.co/6VxoJZp7uD