UK government recently announced some tax cuts thus implying an increase in deficit. Here we can see bond yields spiking as treasury bond market collapses however it has already reached a point where we might expect a pull back with a clear line of resistance from prior years being hit now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.