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Investment Weekly

Vigilantes mounting up?
05 September 2025
    Articles

    Chart of the week – Vigilantes mounting up?

    Chart of the week – Vigilantes mounting up?

    UK 30-year Gilt yields hit a post-1998 high this week, reflecting increasing concern over the UK’s rising government debt and limited ability to rectify the situation. But the big question for global markets is whether concerns over fiscal dominance and Fed independence push US long-dated yields significantly higher. For now, worries over fiscal policy and the independence of monetary policy seem likely to persist.

    More from this week:

    Market Spotlight

    • Back to school

    Lens on…

    • Big moves in small caps
    • Bond behaviour
    • A power play

    Read the full commentary PDF, 553KB

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