The Financial Times’ Katie Martin:

“It is hard, in that environment, to pick the market moves that really matter. This week’s wild ride in UK government bonds is, I think, one of them. It is an early warning sign of how a commodity shock, in oil and gas, can morph into a bond shock that hurts government finances far and wide and jacks up borrowing costs for us all.”

#economy #uk #markets #MiddleEastWar