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Average for two-year fixed deal is now 5.97%, up from 5.75% on Monday
Sterling recovers to levels seen before mini-Budget sent it tumbling to record low against dollar
Central bank has bought £3.7bn worth of government debt out of a possible £20bn since scheme launched
Bank of England restores relative calm but credibility has been dented and likely to drag
Pension sector regulators concerned about end of BoE support
Heavy sell-off in gilts described as a case of ‘the tail definitely wagging the dog this week’
UK prime minister vows to stick to tax-cutting plans despite gilt sell-off resuming
US 10-year yield hits 4% for first time in 12 years before rally in Treasuries took hold
Fire sale in gilts hammered pension funds, forcing Bank of England to launch support
Huw Pill signals central bank does not expect to act before November following UK government’s tax-cutting plans
Recent tumble has left sterling matching year-to-date losses of Japan’s yen
Mortgage deals on hold after ‘extraordinary’ sell-off in government debt market
Sterling falls below $1.07 despite central bank and government reassurances about interest rates and stable finances
Putin’s forced draft sparks protests across Russia including remote regions in the far east
Risk of further falls in sterling as fund managers asked to soak up billions more in public debt
Borrowing costs soar and equities sink as traders fret over government’s fiscal responsibility
Analysts point to signs of ‘reverse currency war’ as policymakers try to stem imported price jumps
Grace period for $100mn foreign currency bond interest payment ended on Sunday evening
Grace period for $100mn in interest payments ends on Sunday evening
Disappointing eurozone business activity data and comments from Federal Reserve chair add to cloudy outlook
Wagers against Japanese bonds divide foreign and domestic fund managers
In the US and Europe, policymakers are beginning to accept that dealing with rising prices will not be painless
S&P 500 ends session down 3.2%, taking the benchmark’s losses for the week to 6%
Franc surges on SNB announcement that benchmark rate would rise to minus 0.25%
US central bank’s move to reduce $9tn balance sheet comes alongside steep rate rises to tackle persistent inflation
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