We don’t expect fiscal restraint to prevent Gilt yields from rising

The yield of 10-year Gilts dropped back today after the UK Chancellor announced a relatively modest support package in the Spring Fiscal Statement, but we still expect it to rise between now and the end of 2023 as the Bank of England continues to tighten monetary policy. Commodities Drop-In (24 March, 11:00 EDT/15:00 GMT): Our Commodities team will be exploring how the war in Ukraine is shaking up commodity markets, from oil to wheat, while tackling some of the big market questions – not least whether we’re in for 1970s-style oil supply shocks. Register here.

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