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[ATTACH=full]190810[/ATTACH][ATTACH=full]190811[/ATTACH]For those wondering, markets are starting to get seriously concerned about the probability of default in the U.K. Higher likelihood of default = higher risk, higher risk = rates go higher to make taking said risk worth it. Alternatively, the debt is monetised (paid off with printed cash) which devalues the currency and pumps inflation so interest rates have to go up by however much the currency is debased by. Either way, rates spike.This is not going to remain unique to the U.K.
[ATTACH=full]190810[/ATTACH][ATTACH=full]190811[/ATTACH]
For those wondering, markets are starting to get seriously concerned about the probability of default in the U.K. Higher likelihood of default = higher risk, higher risk = rates go higher to make taking said risk worth it. Alternatively, the debt is monetised (paid off with printed cash) which devalues the currency and pumps inflation so interest rates have to go up by however much the currency is debased by. Either way, rates spike.
This is not going to remain unique to the U.K.
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