Appetite for bonds not abating in face of 5% HM Treasury yields

Yesterday (23 October), yields hit a peak of 5.022%, according to data from MarketWatch, having trended close to the 5% watermark in recent days. It crossed the threshold at 10:38am UK time, before dipping back down just before midday, with a second shorter spike at 1:16pm. Aegon Asset Management investment manager Nick Chatters explained the moves in US yields is "a split story, between the upside surprise in US retail sales, giving a boost to the soft landing narrative, and also easing tensions in the Middle East". Royal London Asset Management head of rates and cash Craig Inches...