Gas price explosion jolts UK bond market

Published by
Reuters

By Andy Bruce LONDON (Reuters) – Britain’s government bond market is showing signs of strain from the country’s energy crisis, with headlines about gas prices sparking heavy selling this week – a new development that points to growing unease over inflation expectations. There was disarray in Britain in recent days as a deficit of truckers left fuel pumps dry across the land and a spike in European wholesale natural gas prices tipped energy companies into bankruptcy. Just as Prime Minister Boris Johnson denied the country had fallen into chaos, investors singled out the 2 trillion pounds ($2.7 …

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