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Updated: Gilt yields tick upwards as markets digest Budget impact

But fears of a repeat of the 2022 gilt market crisis are not justified

Jonathan Stapleton

31 October 2024 • 3 min read

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Broadstone's Marc Devereaux and Barnett Waddingham's Ian Mills

Gilt yields have risen by around ten basis points today as markets fully absorb the impact of yesterday's Budget.

The yield on ten-year gilts rose to a high of 4.57% yesterday (31 October) - the highest levels of the year so far - and closed at 4.43%. Today (1 November), yields rose to over 4.5%, before droppi...

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