Editor
Short-dated UK and eurozone government debt sold off on Wednesday as investors cranked up their expectations of how far central banks will raise interest rates to curb inflation.
The yield on the UK’s two-year gilt, which is sensitive to changes in interest rate expectations, rose 0.19 percentage points to 2.86 per cent — reflecting a significant drop in the price of the government bond. The 10-year gilt yield added 0.12 percentage…
