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The UK yields are continuing to be tightly squeezed.

To post a message on Twitter.

Yields for UK 2-year government bonds have increased to 5%, which is the first time they have reached this level since 2008. This represents a 7 basis point rise for the day.

Interest rate swaps in the UK indicate a probability of over 50% that the Bank of England will increase its rates to 6% by February 2024.

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